Form 4: Sonoco Products Co: Executive Acquires Dividend Equivalents on Restricted Stock Units
SEC Form 4
Russell K. Grissett, a Pres Global Flexible Packaging at Sonoco Products Co, acquired dividend equivalents on restricted stock units.
Summary
- On March 8, 2024, Russell K. Grissett, Pres Global Flexible Packaging at Sonoco Products Co, acquired dividend equivalents on restricted stock units.
- The transaction involved the acquisition of 53 dividend equivalents on restricted stock units, each equivalent to one share of Sonoco Products Company common stock.
- These dividend equivalent rights were acquired quarterly on restricted stock and will be settled upon the reporting person's retirement or other termination of service.
- Following the transaction, Grissett directly owns 294.4 dividend equivalents on restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing an insider transaction, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of transaction: Russell K. Grissett acquired dividend equivalents on restricted stock units. |
| 03/11/2024 | Date of signature on the Form 4 filing. |
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