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

Signature
By: Elizabeth R. Kremer - Power of Attorney for Robert Dillard
Issuer symbol
SON
Transactions as of
20 Feb 2024
Net transactions value
+$377,588
Form type
4
Filing time
22 Feb 2024, 19:47:55 UTC
Previous filing
15 Feb 2024
Next filing
11 Mar 2024

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 $389,526 +6,972 $55.87 6,972 20 Feb 2024 Common Stock 6,972 $0.000000 Direct F1, F2
transaction SON Phantom Stock Units Tax liability $11,938 -212 -3% $56.31 6,760 20 Feb 2024 Common Stock 212 $0.000000 Direct F1, F3
transaction SON Restricted Stock Units Award $0 +15,265 $0.000000 15,265 20 Feb 2024 Common Stock 15,265 $0.000000 Direct F4, F5
transaction SON Restricted Stock Units II Award $0 +291 +33% $0.000000 1,168 20 Feb 2024 Common Stock 291 $0.000000 Direct F4, F6, F7
* 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.
F4 Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock.
F5 The restricted stock units vest beginning one year from date of grant in three annual installments of 33%, 33% and 34%.
F6 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.
F7 Vested shares will be paid to the reporting person six months following retirement or termination of service.