R Neal Black, a director of Sonic Corp., has just filed an initial statement of beneficial ownership where 500 shares of Sonic Corp. were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Black. Black operates out of Oklahoma City, OK. Some additional info was provided as follows:
Restricted Stock Units and Non-qualified Stock Options shall vest on the earlier of (i) the first anniversary of the Grant Date or (ii) the date of the Sonic Corp. annual shareholders' meeting in the following year.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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