Form 4: Sonoco Executive Reports Stock Transactions

Russell K. Grissett, a Sonoco Products Co. executive, reported transactions involving dividend equivalents and restricted stock units.

Summary

• Russell K. Grissett, Pres Global Flexible Packaging at Sonoco Products Co., filed a Form 4 detailing changes in beneficial ownership.
• The transactions involved dividend equivalents on restricted stock units and restricted stock units.
• On November 1, 2024, 7 dividend equivalents on restricted stock units were disposed of at a price of $51.14, leaving a balance of 398.8 dividend equivalents.
• Also on November 1, 2024, 53 restricted stock units were disposed of at a price of $51.14, leaving a balance of 1,657 restricted stock units.
• The restricted stock units vest 3 years from the grant date and will be paid six months following retirement or termination of service.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing detailing stock transactions. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The restricted stock units vest 3 years from the date of grant and vested shares will be paid to the reporting person six months following retirement or termination of service.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the executive's holdings and transactions in the company's stock.

Key Dates