SON Form 4: Andrea White Adds 24.3 Dividend Equivalents, Ownership 48.4 Shares
Rhea-AI Filing Summary
Andrea B. White, Chief Human Resources Officer of Sonoco Products Company (SON), acquired dividend equivalent rights tied to restricted stock on 09/10/2025. The filing reports receipt of 24.3 dividend equivalents on restricted stock units, which will be settled in common stock upon the reporting person's retirement or other termination of service. After this transaction the filing shows 48.4 shares of common stock beneficially owned directly. The dividend equivalents are valued at $46.06 per share for reporting purposes.
Positive
- Acquisition of 24.3 quarterly dividend equivalent rights on restricted stock units as disclosed
- Rights will be settled in common stock upon retirement or termination, aligning compensation with long-term ownership
- Beneficial ownership increased to 48.4 shares directly following the reported transaction
Negative
- None.
Insights
TL;DR: Insider received dividend-equivalent restricted stock units, a routine compensation-related change with limited market impact.
The reported transaction is compensation-related: Andrea White acquired 24.3 dividend equivalents on restricted stock units that will convert to common shares upon retirement or termination. The filing lists a per-share value of $46.06 and shows 48.4 shares beneficially owned following the transaction. This is a non-cash, deferred-compensation event and does not indicate open-market buying or selling pressure.
TL;DR: Transaction reflects company compensation mechanics—quarterly dividend equivalents on RSUs—consistent with long-term incentive design.
The disclosure states these are quarterly dividend equivalent rights on restricted stock to be settled at termination or retirement, which is a standard feature of long-term equity awards. The modest size—24.3 dividend equivalents—suggests routine plan administration rather than a governance or control change. No additional governance actions or departures are disclosed in the filing.