Sonic Corp. director just declared owning 43,447 shares of Sonic Corp.

Kathy L Taylor, a director of Sonic Corp., has just filed an initial statement of beneficial ownership where 43,447 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 Taylor. Taylor operates out of Oklahoma City, OK. Some additional info was provided as follows:

Restricted Stock Units 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, and will be issued in shares of Sonic Corp. common stock on a one-for-one basis, subject to certain restrictions. Nonqualified Stock Options shall vest on the earlier of (i) the first anniversary of the Grant Date or (ii) t he 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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