Form 4: Sonoco Executive Ernest D. Haynes III Reports Stock Transactions
SEC Form 4 Filing
Ernest D. Haynes III, Pres. Sonoco Metal Packaging, reports the vesting and disposal of restricted stock units and associated common stock.
Summary
- On February 13, 2025, Ernest D. Haynes III, Pres. Sonoco Metal Packaging, reported transactions involving Sonoco Products Co. common stock.
- These transactions included the vesting of 929 restricted stock units, which converted into 929 shares of common stock.
- Haynes also disposed of 454 shares of common stock to cover tax obligations at a price of $48.2 per share.
- Following these transactions, Haynes directly owns 1,248 shares of common stock and indirectly owns 35.2594 shares through a 401k.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard reporting of stock transactions.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is standard practice for publicly traded companies to ensure transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 02/13/2024 | Date from which restricted stock units vest in annual installments. |
| 02/13/2025 | Date of transaction: vesting of restricted stock units and disposal of shares. |
| 02/18/2025 | Date of report signature. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Restricted Stock Units, Common Stock, Sonoco, Haynes
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