Sonoco executive granted dividend-equivalent RSU rights
Sonoco Products Company executive Ernest D. Haynes III received additional dividend-equivalent rights tied to restricted stock units.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units | 81.9 | $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
economic equivalent financial
Restricted Stock financial
retirement or other termination of service financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SON executive Ernest D. Haynes III report?
Is the SON Form 4 for Ernest D. Haynes III a stock purchase or sale?
How many dividend-equivalent units does Ernest D. Haynes III now hold at Sonoco (SON)?
What are dividend equivalents on restricted stock units in the SON Form 4?
When will Ernest D. Haynes III’s SON dividend-equivalent awards be settled?
AI-generated analysis. How Rhea-AI works. Not financial advice.