Steven A Davis, a director of Sonic Corp., has now declared ownership of 1,772 options and restricted shares from the company. The strike prices of the options received ranged from $0.00 to $25.40, and these expire on January 19, 2024. The restricted shares don't become available to Davis until such time as they become vested.
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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