Sonoco exec granted 231 dividend equivalents
Harrell James A. III reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Harrell James A. III reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company executive James A. Harrell III received an automatic grant of 231 dividend equivalent units tied to restricted stock. Each unit is economically equivalent to one share of common stock at a reference price of $53.29. Following this award, his directly held restricted and related units total about 8,084.4 units, which will be settled in shares when he retires or his service otherwise ends. This is a routine compensation-related accrual rather than an open-market share purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units | 231 | $53.29 | $12K |
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Sonoco (SON) executive James A. Harrell III receive in this Form 4 filing?
How are the 231 dividend equivalent units for Sonoco (SON) structured?
When will the Sonoco (SON) dividend equivalent units be settled for James A. Harrell III?
How many Sonoco (SON) units does James A. Harrell III hold after this transaction?
What price is associated with the Sonoco (SON) dividend equivalent units granted?
AI-generated analysis. How Rhea-AI works. Not financial advice.