Sonic Automotive CEO David Smith's 2020 pay rises 18% to $5.1M
Sonic Automotive reports 2020 executive compensation
By ExecPay News
Published: March 12, 2021
Sonic Automotive reported fiscal year 2020 executive compensation information on March 12, 2021.
In 2020, four executives at Sonic Automotive received on average a compensation package of $3.8M, a 1% increase compared to previous year.
Average pay of disclosed executives at Sonic Automotive
David Bruton Smith, Chief Executive Officer, received $5.1M in total, which increased by 18% compared to 2019. 38% of Smith's compensation, or $1.9M, was in non-equity incentive plan. Smith also received $1.9M in option awards, $1.1M in salary, as well as $94K in other compensation.
For fiscal year 2020, the median employee pay was $58,100 at Sonic Automotive. Therefore, the ratio of David Bruton Smith's pay to the median employee pay was 87 to one.
Jeff Dyke, President, received a compensation package of $4.5M, which decreased by 6% compared to previous year. 39% of the compensation package, or $1.7M, was in non-equity incentive plan.
Heath R. Byrd, Chief Financial Officer, earned $3.6M in 2020, a 4% decrease compared to previous year.
O. Bruton Smith, Chairman, received $2.1M in 2020, which decreases by 10% compared to 2019.
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Source: SEC filing on March 12, 2021.