Form 4: Sonoco Executive Reports Stock Transactions

Russell K. Grissett, a Sonoco Products Co. executive, reports the acquisition and disposal of company stock and restricted stock units.

Summary

• On February 20, 2025, Russell K. Grissett exercised 1,133 restricted stock units, converting them into common stock.
• Also on February 20, 2025, 326 shares were disposed of at $46.24.
• On February 21, 2025, 6,124 shares were acquired at $48.85.
• On February 21, 2025, 1,758 shares were disposed of at $48.85.
• Following these transactions, Grissett directly owns 18,064 shares of common stock and indirectly owns 1,029.6142 shares through a 401k.
• Grissett also directly owns 2,302 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. These filings are monitored by investors for insights into management's view of the company's prospects, although individual transactions can be driven by various personal financial considerations.

Stakeholder Impact

• The reported transactions may have a minor impact on shareholders, as insider activity is often scrutinized for signals about company performance.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, insider trading, stock transactions, restricted stock units, beneficial ownership, Sonoco Products Co., Grissett, SON