Form 4: Sonoco Products Co: Executive Acquires Dividend Equivalents on Restricted Stock Units
SEC Form 4
Lisa K Weeks, Staff VP of Investor Relations at Sonoco Products Co, acquired dividend equivalents on restricted stock units on September 10, 2024.
Summary
- On September 10, 2024, Lisa K Weeks, Staff VP Investor Relations at Sonoco Products Co, acquired 34.5 dividend equivalents on restricted stock units.
- These dividend equivalents are economically equivalent to shares of Sonoco Products Company common stock.
- The price of the underlying common stock was $54.24.
- Following the transaction, Ms. Weeks directly owns 127.6 dividend equivalents on restricted stock units.
- These rights will be settled upon the reporting person's retirement or other termination of service.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction, which is neutral in sentiment.
Industry Context
This is a routine disclosure of insider transactions, specifically the acquisition of dividend equivalents on restricted stock units, which is a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 09/10/2024 | Date of transaction: Lisa K Weeks acquired dividend equivalents on restricted stock units. |
| 09/12/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.