Form 4: Sonoco Products Co: Officer Tomaszewski Reports Acquisition of Dividend Equivalents on Restricted Stock Units
SEC Form 4 Filing
Jeffrey S. Tomaszewski, an officer at Sonoco Products Co, reported acquiring dividend equivalents on restricted stock units.
Summary
- On March 8, 2024, Jeffrey S. Tomaszewski, Pres., Diversified Business at Sonoco Products Co, acquired 65.7 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 $57.55.
- These rights were acquired quarterly on Restricted Stock and will be settled upon the reporting person's retirement or other termination of service.
- Following the transaction, Tomaszewski directly owns 878.63 derivative securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a standard Form 4 filing reflecting routine compensation adjustments.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it relates to executive compensation.
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 report |
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