SON Form 4: Rodger Fuller Receives 39.9 Dividend-Equivalent RSUs
Rhea-AI Filing Summary
Sonoco Products (SON) Form 4: Rodger D. Fuller, Chief Operating Officer, acquired 39.9 dividend equivalent rights on restricted stock units on 09/10/2025 that will be settled in shares upon his retirement or other termination of service. The filing reports those dividend equivalents priced at $46.06 and shows 370.7 shares of Common Stock beneficially owned following the transaction as direct ownership. The transaction was reported by power of attorney on 09/11/2025. The entry indicates compensation-related settlement timing rather than an open-market purchase or sale.
Positive
- Officer received equity-linked compensation (39.9 dividend equivalent RSUs) that vests/settles on retirement or termination, which can align interests with shareholders
- Timely reporting: transaction dated 09/10/2025 and reported by power of attorney on 09/11/2025, indicating procedural compliance
Negative
- None.
Insights
TL;DR: Officer received dividend-equivalent RSUs that vest/settle at termination, aligning long-term pay with shareholder outcomes.
The Form 4 documents receipt of 39.9 dividend-equivalent restricted stock units for COO Rodger D. Fuller, with settlement deferred until retirement or termination. This is a routine, compensation-related equity grant rather than a liquidity-driven insider trade. The filing notes a per-share reference of $46.06 and reports 370.7 shares beneficially owned after the transaction, showing modest insider exposure. For governance, deferred settlement ties pay to tenure and may modestly align executive incentives with long-term shareholder value.
TL;DR: Filing is procedural and compliant; transaction coded as acquisition of dividend equivalents tied to restricted stock.
The Form 4 shows acquisition code "A" for dividend equivalents on restricted stock units with explicit settlement conditions (retirement/termination). The report was timely (transaction 09/10/2025; POA signature 09/11/2025). There is no indication of market trading activity or Rule 10b5-1 plan designation in the disclosed text. From a compliance perspective, the form provides the required details about the nature and timing of settlement and the reporting officer’s direct ownership position.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units | 39.9 | $46.06 | $2K |
Footnotes (1)
- F1. 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 did SON insider Rodger D. Fuller report on Form 4?
What is the reference price shown in the Form 4?
When was the Form 4 signed and filed for the SON transaction?
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