Form 4: Sonoco Products Co: Executive Robert Dillard Reports Changes in Beneficial Ownership

Chief Strategy Officer Robert Dillard reports changes in beneficial ownership of Sonoco Products Co. stock due to the vesting and subsequent disposal of restricted stock units to cover tax obligations.

Summary

• On November 1, 2024, Robert Dillard, Chief Strategy Officer of Sonoco Products Co., reported changes in beneficial ownership of the company's stock.
• The transactions involved the disposal of dividend equivalents on restricted stock units and restricted stock units to satisfy tax obligations.
• Specifically, 6 dividend equivalents on restricted stock units were disposed of at a price of $51.14 per share, resulting in 929.6 dividend equivalents owned directly.
• Additionally, 33 restricted stock units were disposed of at a price of $51.14 per share, resulting in 2,999 restricted stock units owned directly.
• The restricted stock units vest 3 years from the date of grant and will be paid to the reporting person six months following retirement or termination of service.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions by an insider. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Future Outlook

The restricted stock units vest 3 years from the date of grant and will be paid to the reporting person six months following retirement or termination of service.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions 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 minor impact on shareholders as they reflect routine adjustments in insider ownership.

Key Dates