Sonoco HR chief awarded dividend equivalent units
White Andrea B. reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
White Andrea B. reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company’s Chief Human Resources Officer, Andrea B. White, received an automatic compensation-related award of 24.8 dividend equivalent units tied to restricted stock units on common stock. Each unit is economically equivalent to one share of common stock and increases her balance to 100.3 units.
These dividend equivalent rights are credited quarterly and will be settled in common stock when she retires or her service otherwise ends, rather than through an immediate cash transaction or open-market share purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units | 24.8 | $53.29 | $1K |
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.
FAQ
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What did Sonoco (SON) executive Andrea B. White report in this Form 4?
Is Andrea B. White buying or selling Sonoco (SON) stock in this filing?
What are dividend equivalents on restricted stock units for Sonoco (SON)?
When will the Sonoco (SON) dividend equivalent units be settled for Andrea B. White?
AI-generated analysis. How Rhea-AI works. Not financial advice.