Form 4: Sonoco Executive James A. Harrell III Reports Stock Transactions

James A. Harrell III, President of Global Industrial Paper Packaging at Sonoco Products Co, reports the vesting and disposal of restricted stock units and common stock transactions.

Summary

• On February 13, 2025, James A. Harrell III, President of Global Industrial Paper Packaging at Sonoco Products Co, reported transactions involving Sonoco's common stock and restricted stock units.
• Harrell exercised 1,800 restricted stock units, converting them into 1,800 shares of common stock.
• Simultaneously, 646 shares were disposed of at a price of $48.2, likely to cover tax obligations related to the vesting of the restricted stock units.
• Following these transactions, Harrell directly owns 40,888 shares of Sonoco common stock and indirectly owns 3,316.3074 shares through a 401k.
• He also holds 1,855 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, as it's simply a report of activity.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and holdings in the company's stock.

Stakeholder Impact

• The transactions have a minimal impact on shareholders, as they represent a small portion of the overall outstanding shares.
• The vesting of restricted stock units is part of the executive compensation plan, aligning management's interests with those of the shareholders.

Key Dates

Keywords

Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, Common Stock, Sonoco, Harrell