Byrd Heath 4

4 · SONIC AUTOMOTIVE INC · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Sonic Automotive (SAH) CFO Byrd Heath Receives Award, Sells 5,872 Shares

What Happened

Byrd Heath, EVP and Chief Financial Officer of Sonic Automotive, had 5,872 performance-based restricted stock units (RSUs) vest on March 31, 2026. The vested units were converted/settled in cash rather than delivered as shares, resulting in a cash payment of $68.57 per unit for a total of $402,643. The Form 4 shows the derivative conversion (code M) and a disposition to the issuer (code D) for the same 5,872 units.

Key Details

Transaction date: March 31, 2026; filing date: April 2, 2026 (Form 4).
Price / value: $68.57 per unit; total cash settlement $402,643.
Shares/units involved: 5,872 RSUs vested and settled in cash.
Original grant: 23,487 performance-based RSUs granted Feb 5, 2025; 25% (5,872) vested Mar 31, 2026 per the grant schedule.
Beneficial ownership: Reporting person disclaims beneficial ownership except for pecuniary interest (footnote).
Filing timeliness: Filed April 2, 2026 — appears timely (within the typical 2 business-day Form 4 window).

Context

These were performance-based RSUs that vested and were settled in cash (company paid cash in lieu of issuing shares), not an open-market sale by the insider. Such settlements are often routine to satisfy tax withholding or company settlement provisions and do not necessarily indicate buy/sell sentiment.

Form 4

Period: 2026-03-31

EVP and CFO

Transactions

Exercise/Conversion
Class A Common Stock
[F1]
2026-03-31+5,872→ 154,411 total
Disposition to Issuer
Class A Common Stock
2026-03-31$68.57/sh−5,872$402,643→ 148,539 total
Exercise/Conversion
Performance-Based Restricted Stock Units
[F3][F1]
2026-03-31−5,872→ 17,615 total
→ Class A Common Stock (5,872 underlying)

Holdings

Footnotes (3)

[F1]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.
[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.

Signature

/s/ Heath R. Byrd|2026-04-02

1 file