Sonic Corp. director just picked up 1,447 shares

Jeffrey H Schutz, a director of Sonic Corp., recently acquired 1,447 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on January 28, 2017. Schutz now owns 50,705 shares of the company. 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. Shares vested on January 28, 2017 in accordance with the terms of Restricted Stock Units granted January 28, 2016, and were issued in shares of Sonic Corp. common stock on a one-for-one basis, subj ect to certain restrictions.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Sonic Declares Quarterly Dividend - April 12, 2018
Southeastern Asset Management, Inc. just provided an update on activist position in Sonic Corp. - April 4, 2018
Sonic Reports Second Fiscal Quarter 2018 Earnings Per Share Growth - March 27, 2018

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