Form 4: Sonic Automotive Executive Jeff Dyke Reports Stock Transaction
SEC Form 4 Filing
Jeff Dyke, President of Sonic Automotive, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 31, 2024, Jeff Dyke, President of Sonic Automotive, disposed of 3,006 shares of Class A Common Stock to satisfy withholding tax obligations.
- The shares were disposed of at a price of $56.94 per share.
- Following the transaction, Dyke directly owns 834,487 shares of Class A Common Stock.
- Dyke also indirectly owns 176,622 shares through Ash & Erin, LLC, but disclaims beneficial ownership except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Sonic Automotive.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of stock transaction (disposal of shares). |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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