Form 4: Sonoco Executive Cairns Reports Acquisition of Dividend Equivalents on Restricted Stock Units
SEC Form 4 Filing
Sean Cairns, a Sonoco Products Co. executive, reported acquiring dividend equivalents on restricted stock units.
Summary
- On September 10, 2024, Sean Cairns, Pres Global Rigid Paper&Closur of Sonoco Products Co., acquired 36.7 dividend equivalents on restricted stock units.
- These dividend equivalents are economically equivalent to shares of Sonoco Products Company common stock.
- The price per dividend equivalent was $54.24.
- Following the transaction, Cairns directly owns 250.9 dividend equivalents on restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider transaction, specifically the acquisition of dividend equivalents. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The dividend equivalents will be settled upon the reporting person's retirement or other termination of service.
Industry Context
This is a routine disclosure of insider transactions, specifically the acquisition of dividend equivalents, which is a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 09/10/2024 | Date of transaction: Acquisition of dividend equivalents on restricted stock units. |
| 09/12/2024 | Date of signature by Elizabeth R. Kremer Power of Attorney for Sean Cairns. |
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