Form 4: Sonoco Products Co: CAO Aditya Gandhi Reports Stock Transactions
SEC Form 4 Filing
Aditya Gandhi, CAO of Sonoco Products Co, reports the vesting and subsequent disposal of restricted stock units.
Summary
- On February 10, 2025, Aditya Gandhi, CAO of Sonoco Products Co, reported transactions involving common stock and restricted stock units.
- 476 restricted stock units vested and were converted into common stock.
- Following the vesting, 171 shares were disposed of at a price of $46.93 per share to cover tax obligations.
- After these transactions, Gandhi directly owns 1,125 shares of Sonoco Products Co common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent a small portion of the company's outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/09/2023 | Date exercisable for Restricted Stock Units |
| 02/09/2025 | Expiration date for Restricted Stock Units |
| 02/10/2025 | Date of transactions: vesting of restricted stock units and disposal of shares. |
| 02/12/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, insider trading, stock disposal, restricted stock units, stock vesting, Aditya Gandhi, Sonoco Products Co, SON, CAO
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