Sonoco Products (SON) COO receives dividend equivalent stock unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonoco Products Company Chief Operating Officer Rodger D. Fuller received a grant of 41.6 dividend equivalents on restricted stock units tied to the company’s common stock. These units were acquired as quarterly dividend equivalent rights on restricted stock and are economically equal to 41.6 common shares.
The award will be settled in connection with Fuller’s retirement or other termination of service, rather than through any immediate share transaction in the market. Following this grant, he holds a total of 456.6 dividend equivalent restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fuller Rodger D
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units | 41.6 | $53.29 | $2K |
Holdings After Transaction:
Dividend Equivalents on Restricted Stock Units — 456.6 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 Products (SON) report for Rodger D. Fuller?
Sonoco Products reported that Chief Operating Officer Rodger D. Fuller received a grant of 41.6 dividend equivalents on restricted stock units. These are compensation-related awards tied to common stock, not open-market share purchases or sales, and increase his derivative-based holdings.
How many dividend equivalent units did the Sonoco COO receive in this Form 4 filing?
The Chief Operating Officer received 41.6 dividend equivalents on restricted stock units. Each dividend equivalent represents the economic equivalent of one share of Sonoco Products common stock, effectively mirroring the value of 41.6 underlying shares as part of his compensation package.
What are dividend equivalents on restricted stock units at Sonoco Products (SON)?
Dividend equivalents on restricted stock units are rights that mirror cash dividends on common shares. For Sonoco, each dividend equivalent is economically equal to one share of common stock, accruing to the executive’s award instead of being paid out as immediate cash.
When will Rodger D. Fuller’s Sonoco dividend equivalent units be settled?
The dividend equivalent rights on restricted stock acquired by Rodger D. Fuller will be settled upon his retirement or other termination of service. This means the economic value accumulates over time and is not immediately converted into common shares or cash.
Did the Sonoco COO buy or sell common stock in this reported transaction?
No, the Sonoco COO did not buy or sell common stock in the market. He received a compensation-related award of dividend equivalents on restricted stock units, classified as a grant or other acquisition rather than an open-market purchase or sale.
What is Rodger D. Fuller’s total holding of Sonoco dividend equivalent units after this grant?
After this grant, Rodger D. Fuller holds a total of 456.6 dividend equivalents on restricted stock units. These units are directly owned and each is economically equivalent to one share of Sonoco Products common stock, to be settled at retirement or service termination.