R. Howard Coker - 20 Feb 2024 Form 4 Insider Report for SONOCO PRODUCTS CO (SON)

Role
President & CEO
Signature
By: Elizabeth R. Kremer - Power of Attorney for R. Howard Coker
Issuer symbol
SON
Transactions as of
20 Feb 2024
Net transactions value
+$2,746,002
Form type
4
Filing time
22 Feb 2024, 19:45:56 UTC
Previous filing
15 Feb 2024
Next filing
11 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SON Common Stock Award $4,793,199 +85,792 +30% $55.87 370,600 20 Feb 2024 Direct
transaction SON Common Stock Tax liability $2,046,127 -36,623 -9.9% $55.87 333,977 20 Feb 2024 Direct
holding SON Common Stock 17,874 20 Feb 2024 By Spouse
holding SON Common Stock 3,604 20 Feb 2024 By Spouse and Daughter Joint
holding SON Common Stock 7,382 20 Feb 2024 by trust for son
holding SON Common Stock 8,578 20 Feb 2024 trust for daughter 1
holding SON Common Stock 8,870 20 Feb 2024 trust for daughter 2

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 +51,899 $0.000000 51,899 20 Feb 2024 Common Stock 51,899 $0.000000 Direct F1, F2
transaction SON Restricted Stock Units II Award $0 +530 +7% $0.000000 8,067 20 Feb 2024 Common Stock 530 $0.000000 Direct F1, F3, F4
transaction SON Restricted Stock Units II Tax liability $1,070 -19 -0.24% $56.31 8,048 20 Feb 2024 Common Stock 19 $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 and defer. Vested shares will be paid to the reporting person six months following retirement or termination of service.
F4 The restricted stock units vest on 4/30/2017. Vested shares will be paid to the reporting person six months following retirement or termination of service.