Sonoco exec reports tax withholding on equity units
Sonoco Products executive Sean Cairns, President of Consumer Packaging EMEA/APAC, reported routine tax-related transactions involving his equity awards.
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Rhea-AI Filing Summary
Sonoco Products executive Sean Cairns, President of Consumer Packaging EMEA/APAC, reported routine tax-related transactions involving his equity awards. On Restricted Stock Units and related dividend equivalents, securities were used to satisfy tax liabilities at a reference price of $50.06 per share.
The filing shows that after these tax-withholding dispositions, Cairns holds 1,615 Restricted Stock Units and 632.6 dividend equivalent units, each economically equivalent to one share of Sonoco common stock. Footnotes explain that these units automatically defer and will generally be paid about six months after retirement or termination, with taxes largely deferred until receipt.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Dividend Equivalents on Restricted Stock Units | 0 | $50.06 | $0.00 |
| Exercise Price or Tax Liability | Restricted Stock Units | 0 | $50.06 | $0.00 |
Footnotes (6)
- F1. Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock
- F2. Shares automatically deferred, taxes deferred until receipt.
- F3. Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock to be paid out 6 months after separation.
- F4. Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock.
- F5. Shares automatically deferred, no taxes due until receipt.
- F6. The restricted stock units vest and automatically defer. Vested shares will be paid to the reporting person six months following retirement or termination of service.
Key Figures
Key Terms
Restricted Stock Units financial
Dividend equivalents on Restricted Stock units financial
tax-withholding disposition financial
contingent right to receive financial
automatically deferred financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sean Cairns report for SON on this Form 4/A?
Were Sean Cairns' SON transactions open-market sales of common stock?
How many Restricted Stock Units does Sean Cairns hold after these transactions?
What are dividend equivalents on Restricted Stock Units in this SON filing?
How many dividend equivalent units does Sean Cairns hold following the Form 4/A?
AI-generated analysis. How Rhea-AI works. Not financial advice.