Heath Byrd - Feb 9, 2022 Form 4 Insider Report for SONIC AUTOMOTIVE INC (SAH)

Role
EVP and CFO
Signature
/s/ Heath R. Byrd
Stock symbol
SAH
Transactions as of
Feb 9, 2022
Transactions value $
$0
Form type
4
Date filed
2/11/2022, 03:21 PM
Next filing
Mar 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAH Class A Common Stock Award $0 +33.3K +31.51% $0.00 139K Feb 9, 2022 Direct F1
transaction SAH Class A Common Stock Award $0 +75K +53.92% $0.00 214K Feb 9, 2022 Direct F2
holding SAH Class A Common Stock 23.7K Feb 9, 2022 by Bucknell Avenue, LLC
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A Common Stock issuable upon conversion of restricted stock units granted by the Compensation Committee of Sonic Automotive, Inc. pursuant to the Sonic Automotive, Inc. 2012 Stock Incentive Plan. The restricted stock units may only be settled in shares of Class A Common Stock and are subject to forfeiture based on the satisfaction of performance criteria for fiscal year 2022. If the performance criteria are met, this award will vest in three annual installments, with twenty-five percent (25%) of the shares vesting on March 31, 2023, thirty percent (30%) of the shares vesting on February 9, 2024, and forty-five percent (45%) of the shares vesting on February 9, 2025.
F2 Represents shares of Class A Common Stock issuable upon conversion of restricted stock units granted by the Compensation Committee of Sonic Automotive, Inc. pursuant to the Sonic Automotive, Inc. 2012 Stock Incentive Plan. The restricted stock units may only be settled in shares of Class A Common Stock, and are subject to continued employment requirements. If the continued employment requirements are met, this award will vest in full on February 9, 2027.