Form 4: Sonoco Products Co: Executive Acquires Dividend Equivalents on Restricted Stock Units
SEC Form 4 Filing
James A. Harrell III, a Pres. Global Ind. Paper Pkg. at Sonoco Products Co, acquired dividend equivalents on restricted stock units.
Summary
- On March 10, 2025, James A. Harrell III, a Pres. Global Ind. Paper Pkg. at Sonoco Products Co, acquired 238 dividend equivalents on restricted stock units.
- These dividend equivalents are the economic equivalent of one share of Sonoco Products Company common stock.
- The price per share is $47.27.
- These rights will be settled upon the reporting person's retirement or other termination of service.
- Following the transaction, Harrell directly owns 7,061 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard insider transaction reporting. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The dividend equivalent rights will be settled upon the reporting person's retirement or other termination of service.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It is a standard practice required by the SEC to prevent insider trading and maintain market integrity.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation and does not significantly alter the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: Acquisition of dividend equivalents on restricted stock units |
| 03/12/2025 | Date of signature by Elizabeth R. Kremer Power of Attorney |
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