Form 4: Sonoco Products Co: Executive Acquires Dividend Equivalents on Restricted Stock Units
SEC Form 4 Filing
Russell K. Grissett, a Pres Global Flexible Packaging at Sonoco Products Co, acquired dividend equivalents on restricted stock units on March 10, 2025.
Summary
- On March 10, 2025, Russell K. Grissett, Pres Global Flexible Packaging at Sonoco Products Co, acquired 73.1 dividend equivalents on restricted stock units.
- These dividend equivalents are the economic equivalent of one share of Sonoco Products Company common stock.
- The price of the dividend equivalents is $47.27.
- Following the transaction, Grissett directly owns 533.9 derivative securities.
- These rights will be settled upon the reporting person's retirement or other termination of service.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests.
Stakeholder Impact
- The acquisition of dividend equivalents by an executive could be viewed positively by shareholders as it aligns the executive's interests with those of the shareholders through equity-based compensation.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: Russell K. Grissett acquired dividend equivalents on restricted stock units. |
| 03/12/2025 | Date of signature: Elizabeth R. Kremer -Power of Attorney for Russell K. Grissett signed the document. |
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.