Sonic Corp. director just declared owning 49,258 shares of Sonic Corp.

Jeffrey H Schutz, a director of Sonic Corp., has just filed an initial statement of beneficial ownership where 49,258 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 Schutz. Schutz operates out of Oklahoma City, OK. Some additional info was provided as follows:

The reporting person owns 50% of the family limited liability company and disclaims beneficial ownership of the issuer's shares held by the family limited liability company except to the extent of his pecuniary interest. 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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