Form 4: Sonoco Products Co. Executive Russell K. Grissett Reports Stock Sale
SEC Form 4 Filing
Russell K. Grissett, a Pres Global Flexible Packaging at Sonoco Products Co., sold 2,039 shares of common stock at $56.06 per share on February 28, 2024.
Summary
- On February 28, 2024, Russell K. Grissett, a Pres Global Flexible Packaging at Sonoco Products Co., sold 2,039 shares of common stock at a price of $56.06 per share.
- Following the transaction, Grissett directly owns 11,988 shares of Sonoco Products Co.
- Grissett also indirectly owns 957.9691 shares through a 401k.
Sentiment
Score: 5
Explanation: This is a neutral report on an insider stock sale. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock sale transaction |
| 03/01/2024 | Date of signature on the report |
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