Form 4: Sonoco Products Co: Executive Adam Wood Reports Acquisition of Dividend Equivalents on Restricted Stock Units
SEC Filing Form 4
Adam Wood, VP of Paper & Industrial Converted Products at Sonoco Products Co, reports acquiring dividend equivalents on restricted stock units.
Summary
- On June 10, 2024, Adam Wood, VP of Paper & Industrial Converted Products at Sonoco Products Co, acquired 118.4 dividend equivalents on restricted stock units.
- These dividend equivalents are economically equivalent to shares of Sonoco Products Company common stock.
- The price per dividend equivalent is $59.16.
- Following the transaction, Wood directly owns 3,010.3 dividend equivalents on restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting a standard transaction. It doesn't inherently convey positive or negative sentiment.
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 has a minimal direct impact on stakeholders, as it is a routine part of executive compensation.
- It provides transparency to shareholders regarding executive holdings.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of transaction: Adam Wood acquired dividend equivalents on restricted stock units |
| 06/12/2024 | Date of report filing |
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