Sonoco executive granted dividend-equivalent stock units
Sonoco Products executive James A. Harrell III received a grant of dividend equivalents tied to restricted stock units.
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Form Type
4
Rhea-AI Filing Summary
Sonoco Products executive James A. Harrell III received a grant of dividend equivalents tied to restricted stock units. He acquired 258.5 dividend-equivalent units, each economically equivalent to one share of Sonoco common stock, at a reference price of $48.99 per unit.
These quarterly dividend-equivalent rights on restricted stock will be settled in common stock when he retires or otherwise leaves the company. Following this award, his directly held dividend-equivalent units total 8,342.9, reflecting routine, compensation-related equity accrual rather than an open-market trade.
Insider Trade Summary
Grant/Award: 258.5 shares
Grant/Award
1 txn
Insider
Harrell James A. III
Role
Pres. Global Ind. Paper Pkg.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units | 258.5 | $48.99 | $13K |
Holdings After Transaction:
Dividend Equivalents on Restricted Stock Units — 8,342.9 contracts (Direct)
Footnotes (2)
- F1. Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock
- F2. Acquired quarterly dividend equivalent rights on Restricted Stock which will be settled upon the reporting person's retirement or other termination of service.
Key Figures
Dividend-equivalent units granted: 258.5 units
Reference price per unit: $48.99 per unit
Total units after transaction: 8,342.9 units
+1 more
4 metrics
Dividend-equivalent units granted
258.5 units
Grant of dividend equivalents on restricted stock units
Reference price per unit
$48.99 per unit
Transaction price for dividend-equivalent units
Total units after transaction
8,342.9 units
Dividend-equivalent units held directly after award
Underlying common stock equivalents
258.5 shares
Each unit equal to one Sonoco common share
Key Terms
Dividend equivalents, Restricted Stock Units, economic equivalent, equity compensation
4 terms
Dividend equivalents financial
"Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Restricted Stock Units financial
"Dividend Equivalents on Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
economic equivalent financial
"is the economic equivalent of one share of Sonoco Products Company common stock"
equity compensation financial
"These awards are part of his equity compensation and mirror Sonoco common stock"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Sonoco (SON) executive James A. Harrell III report in this Form 4?
James A. Harrell III reported receiving 258.5 dividend equivalents on restricted stock units. These awards are part of his equity compensation and mirror Sonoco common stock, increasing his total directly held dividend-equivalent units to 8,342.9 after the transaction.
Is the Sonoco (SON) Form 4 transaction a stock purchase or sale?
The Form 4 shows an acquisition through a grant, not a market purchase or sale. Harrell received dividend-equivalent rights on restricted stock units as compensation, rather than buying shares in the open market or selling existing holdings.
How many dividend-equivalent units did the Sonoco (SON) executive acquire?
Harrell acquired 258.5 dividend-equivalent units on restricted stock. Each unit is economically equivalent to one share of Sonoco common stock, and the award increases his cumulative dividend-equivalent position rather than reflecting an open-market trade.
What is the value reference for the Sonoco (SON) dividend-equivalent grant?
The grant was recorded at a reference price of $48.99 per unit. While this price anchors the reported value for disclosure, the dividend-equivalent units themselves represent deferred equity-linked compensation rather than cash or immediate tradable shares.
When will the Sonoco (SON) dividend-equivalent units be settled?
The dividend-equivalent rights will be settled upon Harrell’s retirement or other termination of service. At that time, the restricted stock-related units convert into Sonoco common stock, aligning the executive’s compensation with long-term shareholder value over his tenure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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