Sonic Automotive President Jeff Dyke's 2019 pay jumps 91% to $4.7M
Sonic Automotive reports 2019 executive compensation
By ExecPay News
Published: March 18, 2020
Sonic Automotive reported fiscal year 2019 executive compensation information on March 18, 2020.
In 2019, four executives at Sonic Automotive received on average a compensation package of $3.8M, a 45% increase compared to previous year.
Average pay of disclosed executives at Sonic Automotive
Jeff Dyke, President, received $4.7M in total, which increased by 91% compared to 2018. 37% of Dyke's compensation, or $1.7M, was in non-equity incentive plan. Dyke also received $861K of change in pension value and nonqualified deferred compensation earnings, $994K in salary, $1.1M in stock awards, as well as $70K in other compensation.
For fiscal year 2019, the median employee pay was $57,100 at Sonic Automotive. Therefore, the ratio of Jeff Dyke's pay to the median employee pay was 83 to one.
David Bruton Smith, Chief Executive Officer, received a compensation package of $4.3M, which increased by 60% compared to previous year. 46% of the compensation package, or $1.9M, was in non-equity incentive plan.
Heath R. Byrd, Chief Financial Officer, earned $3.8M in 2019, a 114% increase compared to previous year.
O. Bruton Smith, Chairman, received $2.4M in 2019, which decreases by 27% compared to 2018.
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Source: SEC filing on March 18, 2020.