DAVID BRUTON SMITH - 05 Feb 2025 Form 4 Insider Report for SONIC AUTOMOTIVE INC (SAH)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ David B. Smith
Issuer symbol
SAH
Transactions as of
05 Feb 2025
Net transactions value
$0
Form type
4
Filing time
07 Feb 2025, 16:03:44 UTC
Previous filing
15 May 2024
Next filing
11 Feb 2025
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SAH Performance-Based Restricted Stock Units Award $0 +53,035 $0.000000 53,035 05 Feb 2025 Class A Common Stock 53,035 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance-based restricted stock unit represents a contingent right to receive, upon the satisfaction of certain performance criteria, one share of Class A Common Stock, the equivalent cash value, or a combination of both, at the option and sole discretion of the Compensation Committee of Sonic Automotive, Inc.
F2 If the performance criteria are met, this award will vest in three annual installments, with twenty-five percent (25%) of the units vesting on March 31, 2026, thirty percent (30%) of the units vesting on February 5, 2027, and forty-five percent (45%) of the units vesting on February 5, 2028.