Sonic president’s 7,534 RSUs vest, paid in cash
Sonic Automotive, Inc. President Jeff Dyke reported the vesting of 7,534 performance-based restricted stock units on March 31, 2026, which were settled in cash rather than retained as stock.
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Form Type
4
Rhea-AI Filing Summary
Sonic Automotive, Inc. President Jeff Dyke reported the vesting of 7,534 performance-based restricted stock units on March 31, 2026, which were settled in cash rather than retained as stock. The filing shows a corresponding disposition of 7,534 shares of Class A Common Stock to Sonic Automotive at $68.57 per share, reflecting an issuer-related transaction rather than an open-market trade. After these entries, Dyke holds 593,668 shares of Class A Common Stock directly and 161,622 shares indirectly through Ash & Erin, LLC, while he disclaims beneficial ownership of the indirect holdings except to the extent of his pecuniary interest.
Insider Trade Summary
7,534 shares exercised/converted
Exercise
4 txns
Insider
DYKE JEFF
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-Based Restricted Stock Units | 7,534 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 7,534 | $0.00 | $0.00 |
| Disposition | Class A Common Stock | 7,534 | $68.57 | $517K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance-Based Restricted Stock Units — 22,601 contracts (Direct);
Class A Common Stock — 593,668 shares (Direct);
Class A Common Stock — 161,622 shares (Indirect, by Ash & Erin, LLC)
Footnotes (3)
- F1. On February 5, 2025, the reporting person was granted 30,135 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, 7,534 performance-based restricted stock units vested and were settled in cash.
- F2. 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.
- F3. 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 vested: 7,534 units
Disposition price: $68.57 per share
Direct holdings after transaction: 593,668 shares
+5 more
8 metrics
RSUs vested
7,534 units
Performance-based restricted stock units vested on March 31, 2026
Disposition price
$68.57 per share
Issuer disposition of 7,534 Class A shares on March 31, 2026
Direct holdings after transaction
593,668 shares
Class A Common Stock directly held by Jeff Dyke after March 31, 2026
Indirect holdings
161,622 shares
Class A Common Stock held indirectly by Ash & Erin, LLC
Total RSU grant
30,135 units
Performance-based RSUs granted on February 5, 2025
First vesting tranche
25% of 30,135 units
Vests on March 31, 2026 if performance criteria are met
Second vesting tranche
30% of 30,135 units
Vests on February 5, 2027 if performance criteria are met
Third vesting tranche
45% of 30,135 units
Vests on February 5, 2028 if performance criteria are met
Key Terms
Performance-Based Restricted Stock Units, disclaims beneficial ownership, pecuniary interest, Compensation Committee, +1 more
5 terms
Performance-Based Restricted Stock Units financial
"the reporting person was granted 30,135 performance-based restricted stock units"
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.
disclaims beneficial ownership financial
"The reporting person disclaims beneficial ownership of such shares of Sonic Automotive, Inc.'s Class A Common Stock"
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
Compensation Committee financial
"at the option and sole discretion of the Compensation Committee of the Board of Directors of Sonic Automotive, Inc."
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.
disposition to issuer financial
"transaction_code_description: "Disposition to issuer""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sonic Automotive (SAH) disclose for President Jeff Dyke?
Sonic Automotive reported that President Jeff Dyke had 7,534 performance-based restricted stock units vest on March 31, 2026. These units were settled in cash, with a matching 7,534-share disposition of Class A Common Stock back to the company at $68.57 per share.
Were Jeff Dyke’s Sonic Automotive (SAH) transactions open-market stock sales?
The transactions were not open-market sales. The Form 4 shows RSUs vesting and being settled in cash, paired with a 7,534-share disposition to Sonic Automotive at $68.57 per share, which is categorized as a disposition to the issuer, not a market trade.
What was the size of Jeff Dyke’s performance-based RSU grant at Sonic Automotive (SAH)?
On February 5, 2025, Jeff Dyke was granted 30,135 performance-based restricted stock units. The grant vests in three installments: 25% on March 31, 2026, 30% on February 5, 2027, and 45% on February 5, 2028, if performance criteria are satisfied.
How are Sonic Automotive (SAH) performance-based RSUs for Jeff Dyke settled?
Each performance-based RSU gives a contingent right to receive one share of Class A Common Stock, the equivalent cash value, or a combination. Settlement form is at the sole discretion of Sonic Automotive’s Compensation Committee, which chose cash settlement for the 7,534 units vesting on March 31, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
