Form 4: Sonoco Products Co: CEO Coker Acquires Dividend Equivalents on Restricted Stock Units

R. Howard Coker, President & CEO of Sonoco Products Co, acquired dividend equivalents on restricted stock units on March 8, 2024.

Summary

• On March 8, 2024, R. Howard Coker, the President & CEO of Sonoco Products Co, acquired 579.3 dividend equivalents on restricted stock units.
• These dividend equivalents are the economic equivalent of one share of Sonoco Products Company common stock each.
• The acquisition was a result of quarterly dividend equivalent rights on restricted stock, which will be settled upon Coker's retirement or termination of service.
• Following the transaction, Coker directly owns 13,277 shares of common stock.
• The price per share for the dividend equivalents is $57.55.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider transactions, and it doesn't inherently convey positive or negative sentiment. It's a factual report of a transaction.

Positives

• The acquisition of dividend equivalents on restricted stock units by the CEO demonstrates alignment with shareholder interests.

Industry Context

This is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.

Key Dates