Form 4: Sonoco Products Co: CEO R. Howard Coker Reports Stock Unit Transactions
SEC Form 4 Filing
R. Howard Coker, President & CEO of Sonoco Products Co, reports acquisition and disposal of restricted stock units.
Summary
- On February 21, 2025, R. Howard Coker, President & CEO of Sonoco Products Co, reported transactions involving restricted stock units.
- Coker acquired 63,944 restricted stock units, which represent a contingent right to receive one share of Sonoco Products Company common stock each.
- These restricted stock units vest beginning one year from the grant date in three annual installments of 33%, 33%, and 34%.
- Coker also acquired 1,537 restricted stock units II, which vest and defer, with vested shares to be paid six months following retirement or termination of service.
- Additionally, 54 restricted stock units II were cashed out at $46.83 per share to account for withholding taxes.
- Following these transactions, Coker directly owns 63,944 restricted stock units, 9,585.1 restricted stock units II, and 9,531.1 restricted stock units II.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock unit transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 04/30/2017 | Date associated with the vesting and deferral of restricted stock units II. |
| 02/21/2025 | Date of the reported transactions involving restricted stock units. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
| 02/21/2026 | Start date for vesting of the 63,944 restricted stock units. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.