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....
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. In 2022, his accumulated wealth from stock options and performance-based stocks led him to hold shares valued around $3.74 million. This represents a solid investment in the company he leads, signifying his confidence in Sonic's direction and growth potential. His financial commitment to Sonic is also evidence of his long-term vision for the company, having begun to earn significant shares in previous years that further augment his portfolio. The evolution of his holdings reflects both the challenges and successes he's encountered as CEO, marking him as a key player in the automotive sector.