Sonoco (SON) CFO receives additional dividend equivalent units as deferred pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonoco Products CFO Paul Joachimczyk reported a routine compensation-related transaction involving dividend equivalents on restricted stock units. He acquired 29.6 dividend equivalent units on June 10, 2026, each economically equivalent to one share of Sonoco common stock, bringing his total derivative holdings of this type to 111.9 units.
These dividend equivalent rights were acquired as quarterly dividend equivalents on restricted stock and will be settled in connection with his retirement or other termination of service, rather than as an immediate cash or stock transaction in the market.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Joachimczyk Paul
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units | 29.6 | $48.99 | $1K |
Holdings After Transaction:
Dividend Equivalents on Restricted Stock Units — 111.9 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 acquired: 29.6 units
Total dividend equivalent units after grant: 111.9 units
Reference price per unit: $48.99 per unit
+1 more
4 metrics
Dividend equivalent units acquired
29.6 units
Grant on June 10, 2026
Total dividend equivalent units after grant
111.9 units
Holdings following June 10, 2026 transaction
Reference price per unit
$48.99 per unit
Transaction price per share field
Underlying common shares for new units
29.6 shares
Underlying Sonoco common stock equivalent
Key Terms
Dividend Equivalents on Restricted Stock Units, economic equivalent, restricted stock, grant/award acquisition
4 terms
Dividend Equivalents on Restricted Stock Units financial
"security_title: "Dividend Equivalents on Restricted Stock Units""
economic equivalent financial
"Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share"
restricted stock financial
"Acquired quarterly dividend equivalent rights on Restricted Stock which will be settled upon 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.
grant/award acquisition financial
"transaction_action: "grant/award acquisition""
FAQ
What insider transaction did Sonoco (SON) CFO Paul Joachimczyk report?
Sonoco CFO Paul Joachimczyk reported receiving 29.6 dividend equivalents on restricted stock units. These units are part of his compensation and are economically equivalent to Sonoco common shares, increasing his total related derivative holdings of this type to 111.9 units.
Are Paul Joachimczyk’s Form 4 transactions in Sonoco (SON) open-market buys or sells?
The reported Form 4 transaction is not an open-market buy or sell. It reflects a grant of dividend equivalents on restricted stock units, categorized as a compensation-related acquisition rather than a discretionary market trade in Sonoco common stock.
How many dividend equivalent units does the Sonoco (SON) CFO now hold?
After the June 10, 2026 transaction, the Sonoco CFO holds 111.9 dividend equivalent units on restricted stock. Each unit is economically equivalent to one share of Sonoco common stock, reflecting accumulated quarterly dividend credits on his restricted stock awards.
What are dividend equivalents on restricted stock units at Sonoco (SON)?
Dividend equivalents on restricted stock units are rights that mirror dividends on Sonoco common stock. For the CFO, 29.6 new units were granted, each equal in economic value to one Sonoco share, and will generally be settled when his service ends.
When will Sonoco (SON) CFO’s dividend equivalent rights be settled?
The dividend equivalent rights will be settled upon the CFO’s retirement or other termination of service. Until then, they represent deferred compensation linked to Sonoco’s common stock dividends, rather than immediately deliverable shares or cash.