Form 4: Sonoco Executive James A. Harrell III Reports Stock Transactions
SEC Form 4 Filing
James A. Harrell III, a Sonoco Products Co. executive, reported the acquisition and disposal of common stock and restricted stock units on February 10, 2025.
Summary
- On February 10, 2025, James A. Harrell III, President of Global Industrial Paper Packaging at Sonoco Products Co., reported transactions involving the company's stock.
- Harrell exercised 1,901 restricted stock units for common stock.
- He also disposed of 682 shares of common stock to cover tax obligations at a price of $46.93 per share.
- Following these transactions, Harrell directly owns 39,734 shares of common stock and indirectly owns 3,316.3074 shares through a 401k.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock transactions by an executive, which is a normal part of corporate governance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 02/09/2023 | Date exercisable for Restricted Stock Units |
| 02/10/2025 | Date of transaction for common stock and restricted stock units |
| 02/28/2025 | Expiration date for Restricted Stock Units |
| 02/12/2025 | Date of signature for the report |
Keywords
Form 4, insider trading, stock transaction, Sonoco Products Co, James A. Harrell III, restricted stock units, common stock
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