Tax withholding moves as Sonic Automotive (NYSE: SAH) CEO transfers shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonic Automotive (SAH) Chairman and CEO David Bruton Smith, who is also a director and 10% owner, reported two tax-related share transactions in Class A Common Stock. On 02/07/2026 and 02/08/2026, he delivered 9,245 and 12,348 shares, respectively, at $62.46 per share to Sonic Automotive, Inc. to satisfy withholding tax obligations triggered by the vesting of restricted stock units. After these transactions, he directly beneficially owned 532,000 Class A shares. The filing also reports 836,534 Class A shares held indirectly by OBS Family, LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
SMITH DAVID BRUTON
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 12,348 | $62.46 | $771K |
| Tax Withholding | Class A Common Stock | 9,245 | $62.46 | $577K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 532,000 shares (Direct);
Class A Common Stock — 836,534 shares (Indirect, by OBS Family, LLC)
Footnotes (1)
- Represents shares delivered by the reporting person to Sonic Automotive, Inc. to satisfy withholding tax obligations due upon vesting of restricted stock units. 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.
FAQ
What insider activity did Sonic Automotive (SAH) report on this Form 4?
The Form 4 reports Chairman and CEO David Bruton Smith delivering Class A shares back to Sonic Automotive to satisfy tax withholding on vested restricted stock units, rather than open-market sales, and updating his direct and indirect beneficial ownership positions.
What does transaction code F mean in the Sonic Automotive (SAH) Form 4?
Transaction code F indicates shares were withheld or delivered to the issuer to pay taxes due on equity awards. Here, Smith delivered Sonic Automotive Class A shares to satisfy withholding tax obligations tied to the vesting of restricted stock units, rather than selling shares in the open market.
What is the role of OBS Family, LLC in David Bruton Smith’s Sonic Automotive (SAH) holdings?
The Form 4 shows 836,534 Sonic Automotive Class A shares held indirectly through OBS Family, LLC. Smith disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, indicating they are attributed to the LLC rather than solely to him personally.
What positions does David Bruton Smith hold at Sonic Automotive (SAH)?
David Bruton Smith is identified as a director, a 10% owner, and the Chairman and CEO of Sonic Automotive, Inc. This combination of roles makes his share transactions and reported beneficial ownership particularly notable for understanding insider alignment with shareholders.