Frank E Richardson, a director of Sonic Corp., recently disposed of 35,000 shares of the company. The disposals took place at $0.00 per share, on dates ranging from December 13 to December 20, 2016. Richardson still owns 1,268,847 shares of the company. At least some of the disposals which took place during this transaction were gifts or donations. Richardson 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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