Jeffrey S. Tomaszewski - 20 Feb 2024 Form 4 Insider Report for SONOCO PRODUCTS CO (SON)

Role
Pres., Diversified Business
Signature
By Elizabeth R. Kremer-Power of Attorney for Jeffrey S. Tomaszewski
Issuer symbol
SON
Transactions as of
20 Feb 2024
Net transactions value
+$342,651
Form type
4
Filing time
22 Feb 2024, 19:54:30 UTC
Previous filing
15 Feb 2024
Next filing
27 Feb 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 $539,257 +9,652 +54% $55.87 27,475 20 Feb 2024 Direct
transaction SON Common Stock Tax liability $196,607 -3,519 -13% $55.87 23,956 20 Feb 2024 Direct

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 +5,915 $0.000000 5,915 20 Feb 2024 Common Stock 5,915 $0.000000 Direct F1, F2
transaction SON Restricted Stock Units II Award $0 +269 +22% $0.000000 1,507 20 Feb 2024 Common Stock 269 $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 2/12/2025 and defer. 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.