Form 4: Sonoco Products Co: Officer John M. Florence Reports Stock Transactions
SEC Form 4 Filing
John M. Florence, a General Council, Secretary, and VP at Sonoco Products Co, reported transactions involving restricted stock units and common stock.
Summary
- On February 13, 2025, John M. Florence, a General Council, Secretary, and VP at Sonoco Products Co, reported transactions.
- These transactions involved the disposition of 71 restricted stock units at $0.00 and the acquisition of 71 shares of common stock at $48.2.
- Following these transactions, Florence directly owns 6,738 shares of Sonoco Products Co common stock.
- The restricted stock units vest in three tranches: 33% on February 13, 2026, 33% on February 13, 2027 and 34% on February 13, 2028.
- Vested shares will be paid to the reporting person six months following retirement or termination of service.
Sentiment
Score: 5
Explanation: This is a routine filing, so the sentiment is neutral. It simply reports transactions.
Future Outlook
Vested shares from the restricted stock units 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 common for corporate insiders reporting their transactions in company stock. It provides transparency to the market regarding insider activity.
Stakeholder Impact
- The transactions reported may provide stakeholders with insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/13/2025 | Date of the reported transactions (disposal of restricted stock units and acquisition of common stock) |
| 02/13/2026 | First vesting date (33%) of the restricted stock units |
| 02/13/2027 | Second vesting date (33%) of the restricted stock units |
| 02/13/2028 | Third vesting date (34%) of the restricted stock units |
| 02/18/2025 | Date of the Form 4 filing |
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