Form 4: Sonoco Products CEO R. Howard Coker Reports Stock Transactions

R. Howard Coker, President & CEO of Sonoco Products Co, reports multiple transactions involving common stock and restricted stock units.

Summary

• On February 20, 2025, R. Howard Coker exercised 17,126 restricted stock units and disposed of 7,801 common stock shares at $46.24.
• On February 21, 2025, Coker acquired 142,088 common stock shares at $48.85, purchased 20,000 shares at an average price of $46.475, and exercised 17,656 stock appreciation rights.
• He also disposed of 17,597 shares at $46.45 and 64,722 shares at $48.85.
• Following these transactions, Coker directly owns 462,365 shares of common stock.
• He also has indirect ownership through his spouse, daughter, and trusts for his children.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. These transactions can be influenced by factors such as vesting schedules, personal financial planning, and company performance.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The transactions reported are typical for executives who receive stock options and restricted stock units as part of their compensation packages.
• Similar filings can be observed for executives at comparable companies in the packaging industry, such as International Paper and WestRock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, insider trading, stock appreciation rights, restricted stock units, common stock, R. Howard Coker, Sonoco Products Co, SON