Sonoco Products (SON) executive buys 6,753.3117 shares in 401(k plan transaction
Rhea-AI Filing Summary
Sonoco Products executive James A. Harrell III, President of Global Industrial Paper Packaging, reported an acquisition of 6,753.3117 shares of Sonoco common stock on April 27, 2026. The shares were acquired indirectly via a 401(k) employee benefit plan in a discretionary transaction under Rule 16b-3(f) at a weighted-average price of $50.372870 per share, with purchase prices ranging from $50.3726 to $50.3729. Following this transaction, Harrell indirectly holds 10,069.6191 shares of Sonoco common stock through the 401(k). An amended report corrects the transaction code and clarifies that the activity occurred under an issuer employee benefit plan.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 6,753.3117 shares
Net Buy
1 txn
Insider
Harrell James A. III
Role
Pres. Global Ind. Paper Pkg.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Discretionary | Common Stock F1, F2 | 6,753.3117 | $50.3728 | $340K |
Holdings After Transaction:
Common Stock — 10,069.6191 shares (Indirect, By 401k)
Footnotes (2)
- F1. Correct transaction code. Activity made under an issuer's employee benefit plan.
- F2. The $50.372870 is an average price, shares purchased between $50.3726 and $50.3729
Key Figures
Shares acquired: 6,753.3117 shares
Weighted-average purchase price: $50.372870 per share
Total holdings after transaction: 10,069.6191 shares
+1 more
4 metrics
Shares acquired
6,753.3117 shares
Common stock acquired indirectly via 401(k) on April 27, 2026
Weighted-average purchase price
$50.372870 per share
Average price for shares purchased, with trades between $50.3726 and $50.3729
Total holdings after transaction
10,069.6191 shares
Indirect common stock holdings by 401(k) following the April 27, 2026 transaction
Transaction date
April 27, 2026
Date of discretionary acquisition under Rule 16b-3(f)
Key Terms
Rule 16b-3(f), issuer's employee benefit plan, indirect ownership, 401k
4 terms
Rule 16b-3(f) regulatory
"transaction is described as a discretionary transaction under Rule 16b-3(f)"
issuer's employee benefit plan regulatory
"Activity made under an issuer's employee benefit plan"
indirect ownership financial
"shares were acquired indirectly via a 401(k) employee benefit plan"
401k financial
"nature of ownership is reported as By 401k"
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Sonoco Products (SON) executive James A. Harrell III report?
James A. Harrell III reported acquiring 6,753.3117 shares of Sonoco common stock on April 27, 2026. The shares were obtained indirectly through a 401(k) employee benefit plan in a discretionary transaction under Rule 16b-3(f).
What type of transaction in Sonoco Products (SON) stock did Harrell report?
The filing describes the event as a discretionary transaction under Rule 16b-3(f) involving Sonoco common stock. It is coded as an acquisition and occurred under an issuer’s employee benefit plan, with indirect ownership recorded as "By 401k."
Was Harrell’s Sonoco Products (SON) transaction made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan, and the transaction is described as a discretionary transaction under Rule 16b-3(f). It is also identified as activity under an issuer employee benefit plan.
What does the Form 4/A amendment for Sonoco Products (SON) clarify about Harrell’s trade?
A footnote states the amendment corrects the transaction code and confirms the activity was made under an issuer’s employee benefit plan. This clarifies both the regulatory classification and plan-based nature of Harrell’s reported share acquisition.