Sonoco (NYSE: SON) VP awarded dividend equivalent restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wood Adam
Role
VP Paper Products Europe
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units | 150.4 | $53.29 | $8K |
Holdings After Transaction:
Dividend Equivalents on Restricted Stock Units — 4,098.7 shares (Direct)
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.
FAQ
What insider transaction did Sonoco (SON) report for Adam Wood?
Sonoco reported that VP Paper Products Europe Adam Wood received a compensation-related grant of 150.4 dividend equivalents on restricted stock units. These units mirror Sonoco common stock value and increase his deferred equity-based holdings without an open-market purchase or sale.
How many dividend-equivalent units did the Sonoco VP receive?
Adam Wood received 150.4 dividend-equivalent units linked to restricted stock. Each unit is economically equal to one Sonoco common share, increasing his total directly held restricted stock-related units to 4,098.7 following this Form 4 transaction disclosure.
Is the Sonoco (SON) Form 4 transaction a stock purchase or sale?
The Form 4 does not show an open-market stock purchase or sale. It reports an acquisition coded “A” for 150.4 dividend equivalents on restricted stock units, reflecting routine compensation accruals rather than discretionary buying or selling of Sonoco common shares.
When will Adam Wood’s Sonoco dividend equivalents be settled?
The dividend-equivalent rights on Adam Wood’s restricted stock are scheduled to be settled upon his retirement or other termination of service. Until then, the units function as deferred equity-based compensation tied to the value of Sonoco Products Company common stock.
What is the economic value basis of the Sonoco dividend equivalents?
Each dividend-equivalent unit is described as economically equivalent to one share of Sonoco Products Company common stock. The Form 4 shows a reference price of $53.29 per unit for this award of 150.4 dividend-equivalent rights on restricted stock units.