Carolyn C. Cummins, Sonic Corp.'s Vice President, recently disposed of 2,000 shares of the company. The disposals took place at $0.00 per share, on December 23, 2016. Cummins still owns 28,156 shares of the company. At least some of the disposals which took place during this transaction were gifts or donations. Cummins operates out of Oklahoma City, OK. Some additional info was provided as follows:
The total number of shares beneficially owned directly includes 2,322 shares held in the Sonic Corp. Stock Purchase Plan as of January 12, 2017.
One-third of the total number of options granted on January 19, 2017 will vest on each of the first three anniversary dates following the grant date.
The above information was disclosed in a filing t o the SEC. To see the filing, click here.
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