Form 4: Sonoco Products Co: Executive Ernest D. Haynes III Reports Stock Transactions
SEC Form 4 Filing
Ernest D. Haynes III, Pres. Sonoco Metal Packaging, reports transactions involving Sonoco Products Co stock, including the exercise of restricted stock units and subsequent disposal of shares to cover tax obligations.
Summary
- On February 10, 2025, Ernest D. Haynes III, the President of Sonoco Metal Packaging, executed transactions involving Sonoco Products Co stock.
- Haynes exercised 672 Restricted Stock Units (RSUs) at a price of $0.00, acquiring 672 shares of common stock.
- Simultaneously, Haynes disposed of 334 shares of common stock at $46.93 to satisfy tax obligations related to the RSU exercise.
- Following these transactions, Haynes directly owns 773 shares of common stock and indirectly owns 35.2594 shares through a 401k.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small portion of the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/09/2023 | Date Restricted Stock Units exercisable |
| 02/10/2025 | Date of earliest transaction; exercise of Restricted Stock Units and disposal of shares. |
| 02/28/2025 | Expiration date of Restricted Stock Units |
| 02/12/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Insider Trading, Stock Transaction, Sonoco Products Co, Executive Compensation, Beneficial Ownership, Haynes Ernest D III, SON
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.