Sonoco executive granted dividend-equivalent RSUs
Haynes Ernest D III reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Haynes Ernest D III reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company executive Ernest D. Haynes III, President of Consumer Packaging Americas, received a grant of 73.2 dividend equivalents on restricted stock units on March 10, 2026. Each dividend equivalent is economically equal to one share of Sonoco common stock.
The award was credited at a reference price of $53.29 per unit, increasing his directly held dividend-equivalent balance to 841.8 units. These dividend-equivalent rights will be settled in connection with his retirement or other termination of service, reflecting ongoing equity-based compensation rather than an open-market stock purchase.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units | 73.2 | $53.29 | $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.
FAQ
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What did Sonoco (SON) executive Ernest D. Haynes III report in this Form 4?
How many dividend-equivalent units does Ernest D. Haynes III hold after this Sonoco (SON) transaction?
What is the nature of the dividend-equivalent award reported by Sonoco (SON)?
At what reference price were the Sonoco (SON) dividend-equivalent units credited?
Will the Sonoco (SON) dividend-equivalent awards settle immediately for Ernest D. Haynes III?
AI-generated analysis. How Rhea-AI works. Not financial advice.