Robert R. Dillard - 13 Feb 2023 Form 4 Insider Report for SONOCO PRODUCTS CO (SON)

Role
Chief Strategy Officer
Signature
By: Elizabeth R. Kremer - Power of Attorney for Robert Dillard
Issuer symbol
SON
Transactions as of
13 Feb 2023
Net transactions value
$0
Form type
4
Filing time
15 Feb 2023, 15:50:52 UTC
Previous filing
13 Feb 2023
Next filing
21 Feb 2023
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 +10,558 $0.000000 10,558 13 Feb 2023 Common Stock 10,558 $0.000000 Direct F1, F2
transaction SON Restricted Stock Units II Award $0 +484 +123% $0.000000 877 13 Feb 2023 Common Stock 484 $0.000000 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 3/03/2029 and defers. 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.