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 13, 2025.
Summary
- On February 13, 2025, R. Howard Coker, the President & CEO of Sonoco Products Co, engaged in transactions involving the company's stock.
- Coker acquired 15,795 shares of common stock through the vesting of restricted stock units.
- He also disposed of 4,902 shares to cover tax obligations at a price of $48.2 per share.
- Following these transactions, Coker directly owns 355,615 shares of Sonoco Products Co.
- Additionally, he has indirect ownership through his spouse, daughter, and trusts for his children.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions. The sentiment is neutral as it reflects standard executive compensation and tax obligation fulfillment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related stock disposals.
Key Dates
| Date | Description |
|---|---|
| 02/13/2024 | Date of grant for restricted stock units that vest 33%, 33%, 34% per year beginning one year from date of grant. |
| 02/13/2025 | Date of transactions: Acquisition of 15,795 shares via restricted stock units and disposal of 4,902 shares for tax obligations. |
| 02/18/2025 | Date of report filing. |
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