Sonoco (SON) HR chief granted dividend equivalent rights on RSUs
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
White Andrea B.
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units | 24.8 | $53.29 | $1K |
Holdings After Transaction:
Dividend Equivalents on Restricted Stock Units — 100.3 shares (Direct)
Footnotes (1)
- Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock Acquired quarterly dividend equivalent rights on Restricted Stock which will be settled upon the reporting person's retirement or other termination of service.
FAQ
What did Sonoco (SON) executive Andrea B. White report in this Form 4?
Andrea B. White reported receiving 24.8 dividend equivalent units linked to restricted stock units. Each unit equals one Sonoco common share economically, increasing her total to 100.3 units, to be settled in stock upon retirement or other service termination.
Is Andrea B. White buying or selling Sonoco (SON) stock in this filing?
This filing does not show an open-market buy or sell. It records a compensation-related acquisition of 24.8 dividend equivalent units on restricted stock units, which will convert into Sonoco common shares at retirement or another service-ending event.
What are dividend equivalents on restricted stock units for Sonoco (SON)?
Dividend equivalents on restricted stock units are credits that mirror Sonoco’s dividends as additional units. Each unit is economically equivalent to one common share and is typically settled in stock at retirement or when the executive’s service otherwise ends.
When will the Sonoco (SON) dividend equivalent units be settled for Andrea B. White?
The dividend equivalent units for Andrea B. White will be settled in Sonoco common stock upon her retirement or other termination of service. Until that time, they function as deferred compensation tracking the value and dividends of Sonoco shares.