Sonoco CHRO granted 50.8 dividend equivalents
White Andrea B. reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
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Rhea-AI Filing Summary
White Andrea B. reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company Chief Human Resources Officer Andrea B. White reported a compensation-related award of 50.8 dividend equivalents on restricted stock units on common stock. Each dividend equivalent is economically equal to one share of Sonoco common stock.
After this grant, White holds a total of 151.1 dividend-equivalent restricted stock units. According to the disclosure, these quarterly dividend equivalent rights will be settled in connection with retirement or another termination of service, rather than as immediate cash or share transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units | 50.8 | $48.99 | $2K |
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
quarterly dividend equivalent rights financial
retirement or other termination of service financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Sonoco (SON) disclose in Andrea B. White’s latest Form 4?
How many dividend-equivalent restricted stock units does Sonoco’s CHRO now hold?
When will the Sonoco CHRO’s dividend-equivalent restricted stock units be settled?
Was the Sonoco CHRO’s Form 4 transaction an open-market buy or sell?
AI-generated analysis. How Rhea-AI works. Not financial advice.