John H Budd, Sonic Corp.'s Executive Vice President, just received 26,328 options from the company. The strike price of the options received was $25.40, and these expire on January 19, 2024. Budd now owns at least 26,328 options on the company.
Some additional info was provided as follows:
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 to the SEC. To see the filing, click here.
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