Form 4: Sonoco Products Co: Executive Russell K. Grissett Reports Stock Transactions
SEC Form 4 Filing
Russell K. Grissett, a Pres Global Flexible Packaging at Sonoco Products Co, reports transactions involving common stock and restricted stock units.
Summary
- On February 10, 2025, Russell K. Grissett executed transactions involving Sonoco Products Co common stock and restricted stock units.
- Grissett acquired 672 shares of common stock upon the exercise of restricted stock units.
- 229 shares were disposed of to cover tax obligations at a price of $46.93 per share.
- Following these transactions, Grissett directly owns 12,431 shares of common stock and indirectly owns 1,029.6142 shares through a 401k.
- The restricted stock units were granted on February 9, 2023, and expire on February 28, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and holdings in the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent routine insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 02/09/2023 | Date the Restricted Stock Units were granted |
| 02/10/2025 | Date of the reported transactions (exercise of restricted stock units and disposal of shares for tax obligations) |
| 02/28/2025 | Expiration date of the Restricted Stock Units |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, Russell K. Grissett, Sonoco Products Co, SON, Executive Compensation, Restricted Stock Units, Insider Trading
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