Sonoco VP granted dividend equivalent stock units
Sonoco Products Company VP Adam Wood received a grant of dividend equivalents tied to restricted stock units.
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Rhea-AI Filing Summary
Sonoco Products Company VP Adam Wood received a grant of dividend equivalents tied to restricted stock units. He acquired 150.4 dividend-equivalent units, each economically equal to one share of Sonoco common stock, bringing his directly held restricted stock-related units to 4,098.7. These dividend equivalents will be settled in connection with his retirement or other termination of service and represent compensation-related accruals 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 | 150.4 | $53.29 | $8K |
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 insider transaction did Sonoco (SON) report for Adam Wood?
How many dividend-equivalent units did the Sonoco VP receive?
Is the Sonoco (SON) Form 4 transaction a stock purchase or sale?
When will Adam Wood’s Sonoco dividend equivalents be settled?
What is the economic value basis of the Sonoco dividend equivalents?
AI-generated analysis. How Rhea-AI works. Not financial advice.