Form 4: Sonoco Products Co: Executive Acquires Dividend Equivalents on Restricted Stock Units
SEC Form 4 Filing
Ernest D. Haynes III, a Sonoco Products Co officer, acquired dividend equivalents on restricted stock units, representing indirect ownership of 53.2 shares of common stock.
Summary
- On June 10, 2024, Ernest D. Haynes III, President of Sonoco Metal Packaging, acquired dividend equivalents on restricted stock units.
- This transaction represents the economic equivalent of 53.2 shares of Sonoco Products Company common stock.
- The dividend equivalents were acquired at a price of $59.16 per share.
- Following the transaction, Haynes directly owns 347.9 dividend equivalents on restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of transaction: Ernest D. Haynes III acquired dividend equivalents on restricted stock units. |
| 06/12/2024 | Date of signature: Elizabeth R. Kremer signed the document on behalf of Ernest D. Haynes. |
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