Short answer
SONIC AUTOMOTIVE INC (SAH) filed an 8-K current report with the SEC on May 8, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Performance-based RSUs granted to three executives: Smith 69,872, Dyke 38,175, and Byrd 26,183 units.
SONIC AUTOMOTIVE INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Performance-based RSUs granted to three executives: Smith 69,872, Dyke 38,175, and Byrd 26,183 units
- Awards tied to 2026 adjusted EPS performance and continued employment through February 11, 2029
- Vesting schedule: 25% March 31, 2027, 30% February 11, 2028, and 45% February 11, 2029
- Potential future dilution or cash settlement, with Compensation Committee discretion over shares versus cash
- No dividend equivalents or voting rights before settlement
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