Form 4: Sonoco Products Co. Executive Acquires Dividend Equivalents on Restricted Stock Units
SEC Form 4 Filing
Rodger D. Fuller, Chief Operating Officer of Sonoco Products Co., acquired dividend equivalents on restricted stock units on March 8, 2024.
Summary
- On March 8, 2024, Rodger D. Fuller, the Chief Operating Officer of Sonoco Products Co., acquired 22.3 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 $57.55.
- Following the transaction, Fuller directly owns 180.9 dividend equivalents on restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to executive compensation, indicating a neutral sentiment.
Future Outlook
The dividend equivalent rights on restricted stock will be settled upon the reporting person's retirement or other termination of service.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings in the company's stock.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of transaction: Rodger D. Fuller acquired dividend equivalents on restricted stock units. |
| 03/11/2024 | Date of signature on the Form 4 filing. |
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