Jose A Duenas, Sonic Corp.'s Executive Vice President, just received 4,000 restricted shares from the company. The restricted shares don't become available to Duenas until such time as they become vested. Duenas now owns at least 4,000 restricted shares of the company.
Some additional info was provided as follows:
The Shares will vest October 26, 2020 in accordance with the performance conditions and other terms of the Restricted Stock Units granted October 26, 2017, and will be issued in shares of Sonic Corp. common stock on a one-for-one basis, subject 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: