|4Feb 10, 2:49 PM ET

Byrd Heath 4

Research Summary

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Updated

Sonic Automotive (SAH) CFO Byrd Heath Sells Shares for Tax Withholding

What Happened

  • Byrd Heath, EVP and Chief Financial Officer of Sonic Automotive, delivered (disposed) a total of 9,187 shares of Sonic Automotive Class A common stock to the company to satisfy withholding-tax obligations on vested restricted stock units. Transactions occurred on 2026-02-07 (5,020 shares at $62.46 = $313,549) and 2026-02-08 (4,167 shares at $62.46 = $260,271), for a combined value of approximately $573,820.
  • This was a tax-withholding share delivery tied to RSU vesting (routine disposition), not an open-market sale intended as a directional investment signal.

Key Details

  • Transaction dates and amounts:
    • 2026-02-07: 5,020 shares @ $62.46, proceeds/amount = $313,549 (F)
    • 2026-02-08: 4,167 shares @ $62.46, proceeds/amount = $260,271 (F)
    • Total: 9,187 shares; total value ≈ $573,820
  • Shares owned after the transaction: not specified in the provided filing.
  • Footnotes:
    • F1: Shares were delivered to Sonic Automotive to satisfy withholding tax obligations upon RSU vesting.
    • F2: Reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
  • Filing: Form 4 filed with accession date 2026-02-10 for the 2026-02-07 report date (no late-filing flag provided in the supplied data).

Context

  • These transactions reflect a cashless tax-withholding method for vested restricted stock units, a common administrative routine for insiders. Such deliveries typically do not indicate a CEO/CFO decision to liquidate holdings for investment reasons; they are to cover tax liabilities triggered by vesting.