Form 4: Sonoco Products Co: Officer Robert R. Dillard Reports Acquisition of Dividend Equivalents
SEC Form 4 Filing
Robert R. Dillard, Chief Strategy Officer of Sonoco Products Co, reports acquiring dividend equivalents on restricted stock units.
Summary
- On September 10, 2024, Robert R. Dillard, Chief Strategy Officer of Sonoco Products Co, acquired 72.6 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 common stock was $54.24.
- Following the transaction, Dillard directly owns 941.6 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't convey any particular positive or negative sentiment.
Positives
- The acquisition of dividend equivalents increases Dillard's stake in the company.
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.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 09/10/2024 | Date of transaction: Robert R. Dillard acquired dividend equivalents on restricted stock units. |
| 09/12/2024 | Date of report filing. |
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