Sonoco (SON) CHRO reports new RSU awards and tax-share disposition
Rhea-AI Filing Summary
Sonoco Products Company’s Chief Human Resources Officer Andrea B. White reported equity compensation and related share movements. She acquired 7,694 restricted stock units and 324 additional restricted stock units, each representing the right to receive one share of common stock. She also acquired 478 shares of common stock at $43.64 per share and disposed of 146 shares of common stock to cover tax withholding obligations.
The restricted stock units vest beginning one year from the grant date in three annual installments of 33%, 33%, and 34%. Vested units immediately defer, with shares scheduled to be paid six months after retirement or termination of service. After these transactions, she directly held 4,181 shares of common stock and indirectly held 620 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 7,694 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units II | 324 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 478 | $43.64 | $21K |
| Exercise Price or Tax Liability | Common Stock | 146 | $43.64 | $6K |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock.
- F2. The restricted stock units vest beginning one year from date of grant in three annual installments of 33%, 33% and 34%.
- F3. The restricted stock units upon vest and immediately defer. Vested shares will be paid to the reporting person six months following retirement or termination of service.
FAQ
What insider transactions did SONOCO PRODUCTS CO (SON) report for Andrea B. White?
How many restricted stock units did Andrea B. White receive from Sonoco Products (SON)?
What are the vesting terms for Andrea B. White’s Sonoco (SON) restricted stock units?
What common stock grant did Andrea B. White receive from Sonoco (SON) on this date?
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