Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SON | Phantom Stock Units | Award | $1.02M | +18.2K | $55.87 | 18.2K | Feb 20, 2024 | Common Stock | 18.2K | $0.00 | Direct | F1, F2 | |
transaction | SON | Phantom Stock Units | Tax liability | -$34.8K | -618 | -3.39% | $56.31 | 17.6K | Feb 20, 2024 | Common Stock | 618 | $0.00 | Direct | F1, F3 |
transaction | SON | Restricted Stock Units | Award | $0 | +7.63K | $0.00 | 7.63K | Feb 20, 2024 | Common Stock | 7.63K | $0.00 | Direct | F4, F5 | |
transaction | SON | Restricted Stock Units II | Award | $0 | +248 | +13.66% | $0.00 | 2.06K | Feb 20, 2024 | Common Stock | 248 | $0.00 | Direct | F4, F6, F7 |
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 12/17/2033 and defer. 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. |