Sonoco VP granted 168 dividend equivalents
Wood Adam reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Wood Adam reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company executive Adam Wood reported a routine compensation-related transaction. He received 168.4000 dividend equivalent rights tied to his restricted stock units on Dividend Equivalents on Restricted Stock Units, each economically equal to one share of common stock at a reference value of $48.9900 per unit. These dividend equivalents accumulate on his existing restricted stock awards and will be settled in common stock when he retires or otherwise leaves the company. Following this grant, Wood now holds 4,267.1000 dividend equivalent units directly, reflecting ongoing participation in Sonoco’s long-term incentive program rather than an open-market purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units | 168.4 | $48.99 | $8K |
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
Key Terms
Dividend Equivalents on Restricted Stock Units financial
economic equivalent financial
restricted stock financial
Grant, award, or other acquisition financial
FAQ
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What insider transaction did Sonoco (SON) executive Adam Wood report?
How many Sonoco (SON) dividend equivalent units does Adam Wood hold after this Form 4?
What is a dividend equivalent on restricted stock units at Sonoco (SON)?
When will Adam Wood’s Sonoco (SON) dividend equivalents be settled?
Did Adam Wood buy or sell Sonoco (SON) stock in this Form 4?
What price is associated with Adam Wood’s Sonoco (SON) dividend equivalents?
AI-generated analysis. How Rhea-AI works. Not financial advice.