CFO at Sonic Automotive (NYSE: SAH) settles 5,872 RSUs in cash
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonic Automotive EVP and CFO Heath Byrd reported performance-based equity activity involving the company’s Class A Common Stock. On March 31, 2026, 5,872 performance-based restricted stock units vested and were settled in cash, corresponding to 5,872 underlying shares.
Those 5,872 shares of Class A Common Stock were then disposed to Sonic Automotive at $68.57 per share, leaving Byrd with 148,539 directly held shares. An additional 12,129 shares are held indirectly by Bucknell Avenue, LLC, for which Byrd disclaims beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,872 shares exercised/converted
Mixed
4 txns
Insider
Byrd Heath
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-Based Restricted Stock Units | 5,872 | $0.00 | -- |
| Exercise | Class A Common Stock | 5,872 | $0.00 | -- |
| Disposition | Class A Common Stock | 5,872 | $68.57 | $403K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance-Based Restricted Stock Units — 17,615 shares (Direct);
Class A Common Stock — 154,411 shares (Direct);
Class A Common Stock — 12,129 shares (Indirect, by Bucknell Avenue, LLC)
Footnotes (1)
- On February 5, 2025, the reporting person was granted 23,487 performance-based restricted stock units that, if the performance criteria are met, 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. On March 31, 2026, 5,872 performance-based restricted stock units vested and were settled in cash. The reporting person disclaims beneficial ownership of such shares of Sonic Automotive, Inc.'s Class A Common Stock, except to the extent of his pecuniary interest therein. 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 the Board of Directors of Sonic Automotive, Inc.
Key Figures
RSUs granted: 23,487 units
RSUs vested: 5,872 units
Disposition price: $68.57 per share
+3 more
6 metrics
RSUs granted
23,487 units
Performance-based restricted stock units granted on February 5, 2025
RSUs vested
5,872 units
Performance-based RSUs vested and settled in cash on March 31, 2026
Disposition price
$68.57 per share
Price for 5,872-share disposition to issuer on March 31, 2026
Direct holdings after
148,539 shares
Class A Common Stock directly held by Heath Byrd after transactions
Indirect holdings
12,129 shares
Class A Common Stock held by Bucknell Avenue, LLC
Initial RSU tranche
25% of 23,487 units
First performance-based RSU vesting tranche on March 31, 2026
Key Terms
Performance-Based Restricted Stock Units, Disposition to issuer, pecuniary interest, Class A Common Stock, +1 more
5 terms
Performance-Based Restricted Stock Units financial
"the reporting person was granted 23,487 performance-based restricted stock units that, if the performance criteria are met"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
Class A Common Stock financial
"shares of Sonic Automotive, Inc.'s Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Compensation Committee financial
"at the option and sole discretion of the Compensation Committee of the Board of Directors"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
