Sonoco (SON) CFO receives new dividend equivalent RSU grant
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units | 26.5 | $53.29 | $1K |
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
What insider transaction did Sonoco (SON) disclose for CFO Paul Joachimczyk?
How many dividend equivalent units does the Sonoco (SON) CFO hold after this Form 4?
Is the Sonoco (SON) Form 4 for the CFO a stock buy or sell?
What does a dividend equivalent on restricted stock units mean for Sonoco (SON) insiders?
What was the reference price on the Sonoco (SON) CFO’s dividend equivalent grant?
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