Sonoco VP awarded 172.2 dividend-equivalent units
A Sonoco Products Co vice president received additional dividend equivalent units linked to restricted stock, to be settled at retirement or service termination.
Rhea-AI Filing Summary
SONOCO PRODUCTS CO (SON) reported that officer Adam Wood, Vice President Paper Products Europe, received an acquisition of 172.2 dividend equivalent units tied to Restricted Stock Units on September 10, 2026. These dividend equivalents are economically equivalent to common stock and will be settled upon his retirement or other termination of service, bringing his directly held related units to 4,439.3.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 172.2 shares
Grant/Award
1 txn
Insider
Wood Adam
Role
VP Paper Products Europe
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units F1, F2 | 172.2 | $48.43 | $8K |
Holdings After Transaction:
Dividend Equivalents on Restricted Stock Units — 4,439.3 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 awarded: 172.2 units
Per-unit reference price: $48.43 per unit
Units held after transaction: 4,439.3 units
+2 more
5 metrics
Dividend equivalent units awarded
172.2 units
Grant of dividend equivalents on Restricted Stock Units on September 10, 2026
Per-unit reference price
$48.43 per unit
Filed as the price associated with the 172.2 dividend equivalent units
Units held after transaction
4,439.3 units
Total dividend equivalent-related units directly held by Adam Wood after the award
Conversion or exercise price
$0.00
Conversion or exercise price for the dividend equivalents on Restricted Stock Units
Transaction date
September 10, 2026
Date of the dividend equivalent award transaction
Key Terms
Dividend Equivalents, Restricted Stock Units, economic equivalent, termination of service
4 terms
Dividend Equivalents financial
"Each share of Dividend equivalents on Restricted Stock units is the economic equivalent"
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 is the economic equivalent of one share"
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"
termination of service financial
"will be settled upon the reporting person's retirement or other termination of service"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SON executive Adam Wood report on this Form 4 for SON?
Adam Wood reported an award of 172.2 dividend equivalent units linked to Restricted Stock Units on September 10, 2026, economically equivalent to Sonoco Products Company common stock and settling when his employment ends.
What type of security was involved in Adam Wood’s SON Form 4 filing?
The filing involves Dividend Equivalents on Restricted Stock Units, which the company states are economically equivalent to one share of Sonoco Products Company common stock per unit.
When will Adam Wood’s SON dividend equivalent rights be settled?
The company states that the quarterly dividend equivalent rights on restricted stock will be settled upon Adam Wood’s retirement or other termination of service.
Was Adam Wood’s SON Form 4 transaction made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the award was made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.