Form 4: Sonoco Products Co: Interim CFO Jerry A. Cheatham Reports Stock Transactions
SEC Form 4
Interim CFO Jerry A. Cheatham reports acquisition and disposal of Sonoco Products Co stock and restricted stock units on February 13, 2025.
Summary
- On February 13, 2025, Jerry A. Cheatham, Interim CFO of Sonoco Products Co, reported transactions involving common stock and restricted stock units.
- Cheatham acquired 174 shares of common stock upon the vesting of restricted stock units.
- Simultaneously, 63 shares were disposed of at a price of $48.20 to cover tax obligations.
- Following these transactions, Cheatham directly owns 2,740 shares of Sonoco Products Co common stock and 180 restricted stock units.
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 of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders, as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 02/13/2024 | Date from which restricted stock units vest beginning one year from date of grant in three annual installments of 33%, 33% and 34%. |
| 02/13/2025 | Date of stock and restricted stock unit transactions. |
| 03/01/2026 | Expiration date of restricted stock units. |
| 02/18/2025 | Date of signature on the Form 4 filing. |
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