4/A: Sonoco Executive Sean Cairns Reports Acquisition of Dividend Equivalents on Restricted Stock Units
SEC Form 4/A
Sean Cairns, Pres Global Rigid Paper Pkg at Sonoco Products Co, reports acquiring dividend equivalents on restricted stock units.
Summary
- Sean Cairns, a Pres Global Rigid Paper Pkg at Sonoco Products Co, filed a Form 4/A with the SEC.
- The report details the acquisition of 46 dividend equivalents on restricted stock units on March 12, 2025.
- These dividend equivalents are economically equivalent to shares of Sonoco Products Company common stock.
- Following the transaction, Cairns directly owns 335.9 dividend equivalents on restricted stock units.
- The price of the derivative security is $47.27.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The acquisition of dividend equivalents is a normal part of executive compensation, suggesting stability and adherence to established procedures.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's securities, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of Earliest Transaction |
| 03/12/2025 | Date of Original Filed (if Amendment) |
| 03/12/2025 | Date of transaction and signature date. |
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