Sonoco (NYSE: SON) executive receives new dividend-equivalent RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonoco Products Company executive Ernest D. Haynes III received additional dividend-equivalent rights tied to restricted stock units. On the reported date, he acquired 81.9 dividend-equivalent units, each economically equivalent to one share of Sonoco common stock at a reference price of $48.99 per unit.
Following this grant, Haynes holds 923.7 such dividend-equivalent units, which will be settled in connection with his retirement or other termination of service. This is a compensation-related award rather than an open‑market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Haynes Ernest D III
Role
Pres. Consumer Pkg Americas
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units | 81.9 | $48.99 | $4K |
Holdings After Transaction:
Dividend Equivalents on Restricted Stock Units — 923.7 shares (Direct, null)
Footnotes (1)
- Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock 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 granted: 81.9 units
Reference price per unit: $48.99 per unit
Total dividend-equivalent units after grant: 923.7 units
+1 more
4 metrics
Dividend-equivalent units granted
81.9 units
Grant on 2026-06-10; each equals one common share
Reference price per unit
$48.99 per unit
Price associated with 81.9 dividend-equivalent units
Total dividend-equivalent units after grant
923.7 units
Holdings following the transaction
Underlying common stock shares
81.9 shares
Underlying common stock equivalent for new units
Key Terms
Dividend equivalents on Restricted Stock Units, economic equivalent, Restricted Stock, retirement or other termination of service
4 terms
Dividend equivalents on Restricted Stock Units financial
"Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share"
economic equivalent financial
"is the economic equivalent of one share of Sonoco Products Company common stock"
Restricted Stock financial
"dividend equivalent rights on Restricted Stock which will be settled upon the reporting person's retirement"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
retirement or other termination of service financial
"will be settled upon the reporting person's retirement or other termination of service"
FAQ
What insider transaction did SON executive Ernest D. Haynes III report?
Ernest D. Haynes III reported acquiring 81.9 dividend-equivalent rights on restricted stock units. These awards are part of his compensation and are economically equivalent to Sonoco common shares, increasing his total dividend-equivalent holdings to 923.7 units.
Is the SON Form 4 for Ernest D. Haynes III a stock purchase or sale?
The Form 4 does not show a stock purchase or sale. It records a compensation-related grant of 81.9 dividend-equivalent units on restricted stock, rather than an open-market transaction, so there is no direct buy or sell of Sonoco common shares.
How many dividend-equivalent units does Ernest D. Haynes III now hold at Sonoco (SON)?
After the latest grant, Ernest D. Haynes III holds 923.7 dividend-equivalent units tied to restricted stock. Each unit is economically equivalent to one Sonoco common share and will be settled when he retires or his service otherwise ends.
What are dividend equivalents on restricted stock units in the SON Form 4?
Dividend equivalents on restricted stock units give the holder rights mirroring dividends on common shares. For Haynes, each dividend-equivalent unit is economically equivalent to one Sonoco common share and is scheduled to settle at retirement or other termination of service.
When will Ernest D. Haynes III’s SON dividend-equivalent awards be settled?
The dividend-equivalent awards are scheduled to be settled upon Ernest D. Haynes III’s retirement or other termination of service. Until then, they operate as deferred compensation linked to Sonoco’s common stock dividend performance.