Sonoco (NYSE: SON) VP Adam Wood adds 184.3 dividend equivalents in Form 4 filing
Rhea-AI Filing Summary
Sonoco Products Company officer Adam Wood reported a routine equity award related to his existing restricted stock units. On 12/12/2025, he acquired 184.3 dividend equivalents on restricted stock units, each economically equivalent to one share of Sonoco common stock at a reference price of $41.93 per share. Following this transaction, he beneficially owns 3,948.3 such derivative securities directly. These dividend equivalent rights are scheduled to be settled in Sonoco common stock upon his retirement or other termination of service.
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FAQ
What did Sonoco (SON) executive Adam Wood report on this Form 4?
Adam Wood, VP Paper Products Europe at Sonoco Products Company, reported acquiring 184.3 dividend equivalents on restricted stock units tied to Sonoco common stock on 12/12/2025.
How many Sonoco-related derivative securities does Adam Wood now beneficially own?
After the reported transaction, Adam Wood beneficially owns 3,948.3 derivative securities in the form of dividend equivalents on restricted stock units, held directly.
What are dividend equivalents on restricted stock units in this Sonoco (SON) filing?
The filing explains that each share of dividend equivalents on restricted stock units is the economic equivalent of one share of Sonoco Products Company common stock.
At what price are the Sonoco (SON) dividend equivalent rights referenced in this Form 4?
The transaction references Sonoco common stock at a price of $41.93 per share for the 184.3 dividend equivalent units acquired on 12/12/2025.
When will Adam Wood’s Sonoco (SON) dividend equivalent rights be settled?
The filing states that the dividend equivalent rights on restricted stock will be settled when Adam Wood retires or otherwise terminates service with Sonoco Products Company.
What is the exercise price of the Sonoco (SON) dividend equivalent derivative security?
The derivative security is listed with a conversion or exercise price of $0.0000, reflecting that these are dividend equivalents on restricted stock units, not options with a strike price.