Form 4: Sonoco Products Co: Executive Adam Wood Reports Acquisition of Dividend Equivalents on Restricted Stock Units
SEC Form 4 Filing
VP Adam Wood reports acquiring dividend equivalents on restricted stock units, representing indirect ownership of Sonoco Products Co. common stock.
Summary
- On March 8, 2024, Adam Wood, VP of Paper & Industrial Converted Products at Sonoco Products Co., acquired dividend equivalents on restricted stock units.
- These dividend equivalents are economically equivalent to 118.2 shares of Sonoco Products Co. common stock.
- The price per share is $57.55.
- Following the transaction, Wood directly owns 2,891.9 shares.
- The dividend equivalent rights on restricted stock will be settled upon Wood's retirement or termination of service.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, neither positive nor negative in itself.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of transaction: Adam Wood acquired dividend equivalents on restricted stock units. |
| 03/11/2024 | Date of report filing. |
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