Jose A Duenas, Sonic Corp.'s Executive Vice President, has now declared ownership of 10,000 options and restricted shares from the company. The strike prices of the options received ranged from $0.00 to $23.58, and these expire on August 09, 2024. The restricted shares don't become available to Duenas until such time as they become vested.
Some additional info was provided as follows:
The Shares will vest August 9, 2020 in accordance with the terms of the Restricted Stock Units granted August 9, 2017, and will be issued in shares of Sonic Corp. common stock on a one-for-one basis, subject to certain restrictions.
One-third of the total number of options granted on August 9, 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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