Form 4: Sonic Automotive EVP and CFO Heath Byrd Reports Changes in Beneficial Ownership

Heath Byrd, EVP and CFO of Sonic Automotive, reports the disposal of shares to cover withholding tax obligations upon vesting of restricted stock units.

Summary

• On February 8, 2025, Heath Byrd, the EVP and CFO of Sonic Automotive, disposed of 2,856 shares of Class A Common Stock at a price of $72.97 per share to satisfy withholding tax obligations.
• Following this transaction, Byrd directly owns 168,165 shares of Class A Common Stock.
• On February 9, 2025, Byrd disposed of 6,277 shares of Class A Common Stock at a price of $72.97 per share to satisfy withholding tax obligations.
• Following this transaction, Byrd directly owns 161,888 shares of Class A Common Stock.
• Byrd also indirectly owns 12,129 shares through Bucknell Avenue, LLC, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, as it simply reflects transactions related to tax obligations.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the sale of shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The disposal of shares by an executive could be perceived neutrally by stakeholders, as it is related to tax obligations and doesn't necessarily indicate a lack of confidence in the company.

Key Dates