Form 4: Sonoco Products Co: CEO Coker Acquires Dividend Equivalents on Restricted Stock Units
SEC Form 4 Filing
R. Howard Coker, President & CEO of Sonoco Products Co, reports the acquisition of dividend equivalents on restricted stock units.
Summary
- On June 10, 2024, R. Howard Coker, the President & CEO of Sonoco Products Co, acquired dividend equivalents on restricted stock units.
- This transaction involved 579.7 dividend equivalents, each representing the economic equivalent of one share of Sonoco Products Company common stock.
- The price per share is $59.16.
- Following this transaction, Coker directly owns 13,856.7 shares of common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider activity. It doesn't inherently indicate positive or negative sentiment, but rather provides information about executive compensation and ownership.
Positives
- The acquisition of dividend equivalents reflects continued investment in the company by its CEO.
Future Outlook
The dividend equivalents will be settled upon the reporting person's retirement or other termination of service.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of transaction: R. Howard Coker acquired dividend equivalents on restricted stock units. |
| 06/12/2024 | Date of report filing. |
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