Form 4: Sonoco Products Co: President & CEO Coker R. Howard Reports Acquisition of Dividend Equivalents on Restricted Stock Units
SEC Form 4 Filing
R. Howard Coker, President & CEO of Sonoco Products Co, reports the acquisition of dividend equivalents on restricted stock units.
Summary
- On March 10, 2025, R. Howard Coker, President & CEO of Sonoco Products Co, acquired 747.1 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 derivative security is $47.27.
- These rights were acquired quarterly and will be settled upon the reporting person's retirement or other termination of service.
- Following the transaction, Coker directly owns 15,705.2 derivative securities.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects routine executive compensation and insider confidence.
Positives
- The acquisition of dividend equivalents on restricted stock units suggests confidence in the company's future performance.
Future Outlook
The dividend equivalent rights will be settled upon the reporting person's retirement or other termination of service.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor positive impact on stakeholders as it reflects insider confidence in the company's performance.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: Acquisition of dividend equivalents on restricted stock units. |
| 03/12/2025 | Date of report filing. |
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