Sonoco (SON) CFO receives new dividend equivalent RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Joachimczyk Paul reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company CFO Paul Joachimczyk reported a compensation-related award of 26.5 dividend equivalents on restricted stock units on March 10, 2026. Each dividend equivalent is the economic equivalent of one share of Sonoco common stock and is tied to existing restricted stock units.
Following this grant, Joachimczyk holds 82.3 dividend equivalent units. These quarterly dividend equivalent rights will be settled in connection with his retirement or other termination of service, so they represent a deferred, non-cash form of equity-linked compensation rather than an open-market share purchase or sale.
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 | 26.5 | $53.29 | $1K |
Holdings After Transaction:
Dividend Equivalents on Restricted Stock Units — 82.3 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) disclose for CFO Paul Joachimczyk?
Sonoco disclosed that CFO Paul Joachimczyk received 26.5 dividend equivalents on restricted stock units. These awards are tied to existing restricted stock and defer value until retirement or other termination, rather than reflecting an open-market purchase or sale of SON shares.
How many dividend equivalent units does the Sonoco (SON) CFO hold after this Form 4?
After this transaction, the Sonoco CFO holds 82.3 dividend equivalent units linked to restricted stock. Each unit is economically equivalent to one share of Sonoco common stock, providing deferred equity-linked compensation settled at retirement or other termination of service.
Is the Sonoco (SON) Form 4 for the CFO a stock buy or sell?
The Form 4 shows a grant or award, not a buy or sell. CFO Paul Joachimczyk acquired 26.5 dividend equivalents on restricted stock units as compensation, with settlement deferred until retirement or other termination, rather than executing an open-market transaction in SON shares.
What does a dividend equivalent on restricted stock units mean for Sonoco (SON) insiders?
A dividend equivalent on restricted stock units gives insiders economic value equal to Sonoco’s dividends without immediate share delivery. Each unit matches one common share economically and is typically settled later, such as at retirement or service termination, aligning compensation with shareholder returns.
What was the reference price on the Sonoco (SON) CFO’s dividend equivalent grant?
The reported transaction used a reference price of $53.29 per unit for the 26.5 dividend equivalents. This price helps quantify the award’s value but does not represent an open-market trade, since the units are a deferred compensation grant tied to restricted stock.