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David Bruton Smith is the Chief Executive Officer and Chairman of Sonic Automotive, Inc., a major player in the automotive industry. He has been with the company since 1998, gradually climbing the ranks from various positions including Senior Vice President...

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David Bruton Smith

CEO of Sonic Automotive

Education

Bachelor's degree in Business Administration from the University of North Carolina at Charlotte

Field of Expertise

Manufacturing & Industrial - Automotive

Sector of Economy

Consumer Cyclical

Born

January 1, 1978 - 47 years ago

CEO of Sonic Automotive for

6 years 7 months (Sep 2018 - Present)

Previous Experience

Executive Vice Chairman and Chief Strategic Officer of Sonic Automotive, Inc.

Holdings

See how much did David Bruton Smith make over time.

David Bruton Smith has substantial holdings in Sonic Automotive, where he intertwines his wealth with his leadership role. Over the years, his stake in the company has fluctuated, with notable performance-based restricted stock units contributing significantly to his net worth....

Total Stock Sold

$28.47M

SAH

$28.47M

617,981 SAH shares

What if they kept their stock?

If David Bruton Smith didn't sell their stock, today they would have:
Extra SAH617,981 shares worth $12.21M.
This is -57.11% and $16.26M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of David Bruton Smith.

SAH

$988.10K

SAH at $59.36/share

May 15, 2024

Sale

SAH

$3.79M

SAH at $59.01/share

May 10, 2024

Sale

SAH

$3.96M

SAH at $58.46/share

May 7, 2024

Sale

SAH

$237.20K

SAH at $61.43/share

Apr 29, 2024

Sale

SAH

29,431 shares

SAH

Feb 9, 2024

Inheritance

SAH

71,126 shares

SAH

Feb 7, 2024

Received

SAH

70,348 shares

SAH

Feb 8, 2023

Received

SAH

$8.43M

SAH at $55.32/share

Aug 24, 2022

Sale

SAH

836,534 shares

SAH

Dec 31, 2022

Inheritance

SAH

75,260 shares

SAH

Feb 9, 2022

Received

Compensation History

See how much did David Bruton Smith make over time.

In 2022, David Bruton Smith’s total compensation was approximately $7.64 million, showcasing the company's performance-driven approach to executive pay. His salary was about $1.34 million, supplemented by a bonus that reached $2.23 million, rewarding him for meeting critical business goals linked to customer satisfaction and financial performance. A significant portion of his earnings came from vested stock units valued at around $3.74 million, which were tied to specific performance metrics that Sonic Automotive had to achieve to unlock these rewards. Compared to previous years, notably, his total compensation nearly quadrupled from $2.0 million in 2021, signaling strong performance and perhaps a reflection of the company's growth strategy under his leadership. Overall, his compensation package aligns his interests with those of the shareholders, as it depends heavily on Sonic's success.

Year

2022

Total Compensation

$7.64M

Salary

$1.34M

Board Justification

The compensation philosophy is designed to attract, retain, and reward key executive officers while aligning their interests with those of the stockholders through performance-based incentives.

Bonus

$2.23M

Board Justification

The bonus is based on performance metrics including Adjusted EPS and customer satisfaction index for Sonic's franchised dealerships for the year 2022.

Other

$327.45K

Board Justification

Includes the imputed value of demonstrator vehicles and other benefits such as personal use of corporate aircraft.

Restricted Stock

$3.74M(74.17K RSU)

Board Justification

The stock units were granted based on performance goals related to Adjusted EPS for the year 2022, with vesting contingent on achieving specified performance metrics.

Performance Metrics

Performance metrics include Adjusted EPS targets and customer satisfaction performance for Sonic's franchised dealerships.

Other Sonic Automotive CEOs

Here are other CEOs of Sonic Automotive