Director Marcus G. Smith receives 4,373 Sonic (SAH) Class A shares as grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SMITH MARCUS G reported acquisition or exercise transactions in this Form 4 filing.
Sonic Automotive Inc. director and ten percent owner Marcus G. Smith reported an equity compensation grant rather than a market trade. He received 4,373 shares of Class A Common Stock at no cost under Sonic’s 2012 formula restricted stock plan for non‑employee directors, bringing his direct holdings to 104,494 shares. The filing also lists 836,534 shares of Class A Common Stock held indirectly by OBS Family, LLC, for which Smith disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SMITH MARCUS G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 4,373 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 104,494 shares (Direct, null);
Class A Common Stock — 836,534 shares (Indirect, by OBS Family, LLC)
Footnotes (1)
- Restricted stock units granted pursuant to the Sonic Automotive, Inc. 2012 Formula Restricted Stock and Deferral Plan for Non-Employee Directors, Amended and Restated Effective as of April 29, 2026. 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.
Key Figures
Director share grant: 4,373 shares
Direct holdings after grant: 104,494 shares
Indirect holdings via OBS Family, LLC: 836,534 shares
+1 more
4 metrics
Director share grant
4,373 shares
Class A Common Stock awarded at $0.00 per share
Direct holdings after grant
104,494 shares
Class A Common Stock held directly by Marcus G. Smith
Indirect holdings via OBS Family, LLC
836,534 shares
Class A Common Stock held indirectly by OBS Family, LLC
Grant price
$0.00 per share
Equity compensation grant under 2012 director plan
Key Terms
Restricted stock units, pecuniary interest, indirect ownership, Grant, award, or other acquisition
4 terms
Restricted stock units financial
"Restricted stock units granted pursuant to the Sonic Automotive, Inc. 2012 Formula Restricted Stock and Deferral Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of his pecuniary interest therein"
indirect ownership financial
"total_shares_following_transaction ... indirect ... nature_of_ownership: by OBS Family, LLC"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Marcus G. Smith report in this Sonic Automotive (SAH) Form 4?
Marcus G. Smith reported an equity compensation grant of 4,373 shares of Sonic Automotive Class A Common Stock. The shares were awarded at no cost under a non-employee director restricted stock plan and increased his directly held position to 104,494 shares.
Was the Sonic Automotive (SAH) Form 4 a market buy or sell by Marcus G. Smith?
No, the Form 4 reflects a grant, not an open-market buy or sell. Smith received 4,373 Class A shares at a price of $0.00 per share as a director award, making this a compensation-related acquisition rather than a trading decision.
What is the indirect Sonic Automotive (SAH) ownership noted for Marcus G. Smith?
The filing lists 836,534 Sonic Automotive Class A shares held indirectly by OBS Family, LLC. Smith disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest, indicating they are primarily associated with that entity rather than personal trading.