Sonoco executive granted dividend equivalent units
Sonoco Products executive Sean Cairns reported an acquisition of dividend equivalents on restricted stock units.
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Rhea-AI Filing Summary
Sonoco Products executive Sean Cairns reported an acquisition of dividend equivalents on restricted stock units. On the reported date, he received 72.9 dividend equivalent units, each economically equivalent to one share of Sonoco common stock, bringing his total underlying units to 705.5. These quarterly dividend equivalent rights on restricted stock will be settled when he retires or otherwise terminates his service.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units | 72.9 | $48.99 | $4K |
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
Key Terms
Dividend Equivalents on Restricted Stock Units financial
Restricted Stock financial
economic equivalent financial
retirement or other termination of service financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Sean Cairns report in this Sonoco (SON) Form 4 filing?
Are the Sonoco (SON) transactions by Sean Cairns open-market trades?
How many dividend equivalent units did Sean Cairns acquire in Sonoco (SON)?
What are dividend equivalents on restricted stock units at Sonoco (SON)?
When will Sean Cairns’ Sonoco (SON) dividend equivalent units be settled?
AI-generated analysis. How Rhea-AI works. Not financial advice.