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

Robert R. Dillard, Chief Strategy Officer of Sonoco Products Co, reports changes in beneficial ownership following transactions on October 13, 2024, involving dividend equivalents and restricted stock units.

Summary

• On October 13, 2024, Robert R. Dillard, Chief Strategy Officer of Sonoco Products Co, reported changes in beneficial ownership.
• The transactions involved dividend equivalents on restricted stock units and restricted stock units.
• 6 dividend equivalents on restricted stock units were disposed of to cover withholding taxes, with a price of $54.2.
• 28 restricted stock units were also disposed of to cover withholding taxes, with a price of $54.2.
• Following these transactions, Dillard directly owns 935.6 dividend equivalents on restricted stock units and 2,483 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to tax obligations; it doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily concern the executive's tax obligations related to stock-based compensation.

Key Dates