Form 4: Sonoco Products Co: Officer Lisa K Weeks Reports Acquisition of Dividend Equivalents on Restricted Stock Units

Lisa K Weeks, Staff VP Investor Relations at Sonoco Products Co, reports acquiring dividend equivalents on restricted stock units.

Summary

• On June 10, 2024, Lisa K Weeks, Staff VP Investor Relations at Sonoco Products Co, acquired 31.4 dividend equivalents on restricted stock units.
• These dividend equivalents are the economic equivalent of one share of Sonoco Products Company common stock each.
• The price of the underlying common stock was $59.16.
• Following the transaction, Weeks directly owns 93.1 dividend equivalents on restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider transactions and does not inherently convey positive or negative sentiment. It's a factual report of a transaction.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions, specifically the acquisition of dividend equivalents on restricted stock units by a company officer. It provides transparency into the holdings and transactions of company insiders, which is a standard practice in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves the acquisition of dividend equivalents on restricted stock units by a company officer, which is a part of their compensation package.

Key Dates