Sonoco executive granted 65.2 dividend equivalents
Cairns Sean reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Cairns Sean reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company executive Sean Cairns received additional stock-based compensation tied to dividends. He was granted 65.2 dividend equivalent units on restricted stock units, each economically equal to one share of Sonoco common stock at a reference value of $53.29. After this grant, he holds 632.6 such derivative units. These dividend equivalents accumulate quarterly and will be settled in connection with his retirement or other termination of service, so this is a non-cash, long-term incentive rather than an open-market share purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units | 65.2 | $53.29 | $3K |
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sonoco (SON) executive Sean Cairns report?
How many dividend equivalent units does Sean Cairns hold after this Sonoco (SON) transaction?
Does the Sean Cairns Form 4 for Sonoco (SON) show a stock sale or open-market trade?
When will Sean Cairns’ Sonoco (SON) dividend equivalent units be settled?
What does transaction code "A" mean in Sean Cairns’ Sonoco (SON) filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.