ROGER P. SCHRUM - 18 Feb 2022 Form 4 Insider Report for SONOCO PRODUCTS CO (SON)

Role
VP Invstr Rel & Corp Affairs
Signature
By: Elizabeth R. Kremer - Power of Attorney for Roger P. Schrum
Issuer symbol
SON
Transactions as of
18 Feb 2022
Net transactions value
+$124,387
Form type
4
Filing time
22 Feb 2022, 15:16:37 UTC
Previous filing
14 Feb 2022
Next filing
14 Mar 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 Phantom Stock Units Award $128,400 +2,218 +8.2% $57.89 29,276 18 Feb 2022 Common Stock 2,218 $0.000000 Direct F1, F2
transaction SON Phantom Stock Units Tax liability $4,013 -68 -0.23% $59.01 29,208 18 Feb 2022 Common Stock 68 $0.000000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
F2 Represents performance shares which have vested but receipt of which has been deferred until six months after termination of service.
F3 Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock. The shares were cashed out to account for withholding taxes.