Julie C. Albrecht - Mar 1, 2022 Form 4 Insider Report for SONOCO PRODUCTS CO (SON)

Role
VP, CFO
Signature
By:Elizabeth R. Kremer-Power of Attorney for Julie C. Albrecht
Stock symbol
SON
Transactions as of
Mar 1, 2022
Transactions value $
-$1,924
Form type
4
Date filed
3/2/2022, 04:59 PM
Previous filing
Feb 22, 2022
Next filing
Mar 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 Dividend Equivalents on Restricted Stock Units Tax liability -$170 -3 -0.46% $56.59 650 Mar 1, 2022 Common Stock 3 Direct F1, F2, F3
transaction SON Restricted Stock Units Tax liability -$1.75K -31 -1.2% $56.59 2.55K Mar 1, 2022 Common Stock 31 $0.00 Direct F4, F5, F6

Explanation of Responses:

Id Content
F1 Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock
F2 Each share of Dividend Equivalents on 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.
F3 Dividend equivalent rights on Restricted Stock will be settled upon the reporting person's retirement or other termination of service.
F4 Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock.
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.
F6 The restricted stock units vest 33%, 33%, 34% per year beginning year 3 from date of grant. Vested shares will be paid to the reporting person six months following retirement or termination of service.