Form 4: Sonoco Products Co: Officer Dillard Acquires Dividend Equivalents on Restricted Stock Units
SEC Form 4
Robert R. Dillard, Chief Strategy Officer of Sonoco Products Co, reports acquisition of dividend equivalents on restricted stock units.
Summary
- On March 8, 2024, Robert R. Dillard, Chief Strategy Officer of Sonoco Products Co, acquired 66 dividend equivalents on restricted stock units.
- These dividend equivalents are economically equivalent to shares of Sonoco Products Company common stock.
- The price of the transaction was $57.55 per share.
- Following the transaction, Dillard directly owns 802.9 derivative securities.
- The dividend equivalent rights on restricted stock will be settled upon Dillard's retirement or other termination of service.
Sentiment
Score: 5
Explanation: This is a routine filing related to dividend equivalents, so the sentiment is neutral.
Future Outlook
The dividend equivalents will be settled upon the reporting person's retirement or other termination of service.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of transaction: Acquisition of dividend equivalents on restricted stock units |
| 03/11/2024 | Date of signature on the Form 4 filing |
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