Form 4: Sonoco Executive James A. Harrell III Reports Acquisition of Dividend Equivalents

James A. Harrell III, a Sonoco Products Co. executive, reported acquiring dividend equivalents on restricted stock units.

Summary

• On June 10, 2024, James A. Harrell III, President of Global Industrial Paper Packaging at Sonoco Products Co., acquired 180.6 dividend equivalents on restricted stock units.
• These dividend equivalents are the economic equivalent of one share of Sonoco Products Company common stock each.
• The price per share is $59.16.
• Following the transaction, Harrell directly owns 6,412.8 dividend equivalents.
• The dividend equivalent rights were acquired quarterly on restricted stock and will be settled upon the reporting person's retirement or other termination of service.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing an insider transaction. 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 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings of company executives.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation.

Key Dates