Adam Wood - 20 Feb 2024 Form 4 Insider Report for SONOCO PRODUCTS CO (SON)

Role
VP Paper&Ind Converted Prod
Signature
By:Elizabeth R. Kremer-Power of Attorney for Adam Wood
Issuer symbol
SON
Transactions as of
20 Feb 2024
Net transactions value
+$168,280
Form type
4
Filing time
22 Feb 2024, 19:58:56 UTC
Previous filing
15 Feb 2024
Next filing
08 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 $317,565 +5,684 +22% $55.87 31,482 20 Feb 2024 Direct
transaction SON Common Stock Tax liability $149,285 -2,672 -8.5% $55.87 28,810 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 +2,023 $0.000000 2,023 20 Feb 2024 Common Stock 2,023 $0.000000 Direct F1, F2
transaction SON Restricted Stock Units II Award $0 +189 +7.6% $0.000000 2,679 20 Feb 2024 Common Stock 189 $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 07/08/2023 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.