John M. Florence - Feb 9, 2022 Form 4 Insider Report for SONOCO PRODUCTS CO (SON)

Role
VP, Gnl Council, Secretary
Signature
By:Elizabeth R Kremer - Power of Attorney for John M. Florence
Stock symbol
SON
Transactions as of
Feb 9, 2022
Transactions value $
$0
Form type
4
Date filed
2/11/2022, 05:04 PM
Previous filing
Dec 14, 2021
Next filing
Feb 14, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SON Restricted Stock Units Award $0 +7.45K $0.00 7.45K Feb 9, 2022 Common Stock 7.45K $0.00 Direct F1, F2
transaction SON Restricted Stock Units II Award $0 +406 +42.56% $0.00 1.36K Feb 9, 2022 Common Stock 406 $0.00 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock.
F2 The restricted stock units vest beginning one year from date of grant in three annual installments of 33%, 33% and 34%.
F3 The restricted stock units vest on 12/17/2023 and defer. Vested shares will be paid to the reporting person six months following retirement or termination of service.
F4 Vested shares will be paid to the reporting person six months following retirement or termination of service.