E Edward Saroch, Sonic Corp.'s Senior VP of Subsidiary, has just filed an initial statement of beneficial ownership where 92,434 shares of Sonic Corp. were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Saroch. Saroch operates out of Oklahoma City, OK. Some additional info was provided as follows:
The total number of shares beneficially owned directly includes 2,697 shares held in the 1991 Sonic Corp. Stock Purchase Plan as of August 7, 2017.
One-third of the total number of options granted per grant date 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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