Sonoco (NYSE: SON) grants HR chief 2,091 restricted stock units
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 reported that Chief Human Resources Officer Andrea B. White received a grant of 2,091 restricted stock units. Each unit represents a contingent right to receive one share of Sonoco common stock.
The restricted stock units vest three years from the grant date. Vested shares are deferred and will be delivered to White six months after her retirement or termination of service, tying a portion of her compensation to the company’s long-term performance and her continued tenure.
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 | Restricted Stock Units | 2,091 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,091 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock. The restricted stock units vest 3 years from date of grant. Vested shares defer and will be paid to the reporting person six months following retirement or termination of service.
FAQ
What insider transaction did Sonoco (SON) report for Andrea B. White?
Sonoco reported that Chief Human Resources Officer Andrea B. White received a grant of 2,091 restricted stock units. These units are a form of equity compensation that vest over time, aligning part of her pay with Sonoco’s future share performance and her continued service.
How many restricted stock units were granted to Sonoco executive Andrea B. White?
Andrea B. White was granted 2,091 restricted stock units. Each unit represents a contingent right to receive one share of Sonoco common stock, providing potential future ownership rather than immediate shares or cash, and supporting long-term incentive alignment with shareholders.
When do Andrea B. White’s Sonoco restricted stock units vest?
The restricted stock units granted to Andrea B. White vest three years from the grant date. This three-year vesting schedule encourages longer-term retention and performance, as she must remain in service during that period to earn the underlying Sonoco common shares.
What does each Sonoco restricted stock unit granted to Andrea B. White represent?
Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock. The units do not convert immediately; they first must vest after three years, and the resulting shares are then deferred until after her retirement or service termination.