SON.NYSESonoco Products CO

Form 4: Sonoco Products Co: Officer Haynes Ernest D III Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Ernest D. Haynes III, a Pres. of Sonoco Metal Packaging, reported transactions involving dividend equivalents and restricted stock units of Sonoco Products Co.

Summary

  • On November 1, 2024, Ernest D. Haynes III, Pres. of Sonoco Metal Packaging, reported transactions related to Sonoco Products Co. securities.
  • The transactions involved dividend equivalents on restricted stock units and restricted stock units.
  • Haynes disposed of 8 dividend equivalents on restricted stock units at $51.14 per unit.
  • Haynes disposed of 60 restricted stock units at $51.14 per unit.
  • Following the reported transactions, Haynes directly owns 398.5 dividend equivalents on restricted stock units and 1,650 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine filing of insider transactions, so the sentiment is neutral.

Future Outlook

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

Industry Context

This is a standard SEC Form 4 filing, which is required when an insider of a publicly traded company buys or sells the company's securities. It provides transparency into the transactions of company insiders.

Stakeholder Impact

  • The transactions could provide insights to shareholders regarding management's view of the company's stock.

Key Dates

DateDescription
11/01/2024Date of earliest transaction and the date of the reported transactions.
11/05/2024Date of signature by Elizabeth R. Kremer Power of Attorney for Ernest D. Haynes.

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