Sonic Automotive CEO David Smith's 2021 pay jumps 29% to $6.5M
Sonic Automotive reports 2021 executive compensation
By ExecPay News
Published: March 18, 2022
Sonic Automotive reported fiscal year 2021 executive compensation information on March 18, 2022.
In 2021, four executives at Sonic Automotive received on average a compensation package of $4.6M, a 20% increase compared to previous year.
Average pay of disclosed executives at Sonic Automotive
David Bruton Smith, Chief Executive Officer, received $6.5M in total, which increased by 29% compared to 2020. 47% of Smith's compensation, or $3.1M, was in stock awards. Smith also received $223K in bonus, $1.9M in non-equity incentive plan, $1.1M in salary, as well as $163K in other compensation.
For fiscal year 2021, the median employee pay was $61,413 at Sonic Automotive. Therefore, the ratio of David Bruton Smith's pay to the median employee pay was 106 to one.
Jeff Dyke, President, received a compensation package of $4.8M, which increased by 7% compared to previous year. 36% of the compensation package, or $1.7M, was in stock awards.
Heath R. Byrd, Chief Financial Officer, earned $3.9M in 2021, a 7% increase compared to previous year.
O. Bruton Smith, Chairman, received $3.1M in 2021, which increases by 44% compared to 2020.
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Source: SEC filing on March 18, 2022.