Form 4: Sonoco Products Co: CEO R. Howard Coker Reports Stock Transactions
SEC Form 4 Filing
R. Howard Coker, President & CEO of Sonoco Products Co, reports the acquisition and disposal of common stock and restricted stock units on February 10, 2025.
Summary
- On February 10, 2025, R. Howard Coker, the President & CEO of Sonoco Products Co, engaged in transactions involving the company's stock.
- Coker acquired 15,585 shares of common stock through the exercise of restricted stock units.
- He also disposed of 4,840 shares of common stock at a price of $46.93 per share.
- Following these transactions, Coker directly owns 344,722 shares of Sonoco Products Co.
- Additionally, Coker has indirect ownership through his spouse (17,873.7037 shares), spouse and daughter jointly (3,604 shares), a trust for his son (7,382 shares), and trusts for his daughters (8,578 and 8,870 shares respectively).
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 02/09/2023 | Date exercisable for Restricted Stock Units |
| 02/10/2025 | Date of earliest transaction (acquisition and disposal of shares) |
| 02/10/2025 | Restricted Stock Units exercised |
| 02/28/2025 | Expiration Date for Restricted Stock Units |
| 02/12/2025 | Date of signature for the report |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, R. Howard Coker, Sonoco Products Co, SON, CEO
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