James A. Harrell III - 09 Feb 2022 Form 4 Insider Report for SONOCO PRODUCTS CO (SON)

Role
VP Tubes,Cores USA,CND
Signature
By: Elizabeth R. Kremer - Power of Attorney for James A. Harrell, III
Issuer symbol
SON
Transactions as of
09 Feb 2022
Net transactions value
-$744
Form type
4
Filing time
11 Feb 2022, 17:24:07 UTC
Previous filing
14 Dec 2021
Next filing
14 Feb 2022
SEC
View on sec.gov

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 +5,590 $0.000000 5,590 09 Feb 2022 Common Stock 5,590 $0.000000 Direct F1, F2
transaction SON Restricted Stock Units II Award $0 +407 +29% $0.000000 1,834 09 Feb 2022 Common Stock 407 $0.000000 Direct F1, F3, F4
transaction SON Restricted Stock Units II Tax liability $744 -13 -0.71% $57.20 1,821 09 Feb 2022 Common Stock 13 $0.000000 Direct F1, F3, F4, F5
* 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 12/31/2016 and deferred. 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.
F5 Each share of Restricted Stock Unit is the equivalent of one share of Sonoco Products Company common stock. The shares were cashed out to account for withholding taxes.