Sonoco (NYSE: SON) executive logs tax-withholding moves on restricted stock units
Filing Impact
Filing Sentiment
Form Type
4/A
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cairns Sean
Role
Pres Consumer Pkg EMEA/APAC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Dividend Equivalents on Restricted Stock Units | 0 | $50.06 | -- |
| Tax Withholding | Restricted Stock Units | 0 | $50.06 | -- |
Holdings After Transaction:
Dividend Equivalents on Restricted Stock Units — 632.6 shares (Direct, null);
Restricted Stock Units — 1,615 shares (Direct, null)
Footnotes (1)
- Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock Shares automatically deferred, taxes deferred until receipt. 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. Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock. Shares automatically deferred, no taxes due until receipt. 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
Reference price for tax withholding: $50.06 per share
RSUs after transaction: 1,615 units
Dividend equivalent units after transaction: 632.6 units
+1 more
4 metrics
Reference price for tax withholding
$50.06 per share
Used for F-code tax-withholding dispositions on 2026-05-01
RSUs after transaction
1,615 units
Restricted Stock Units held by Cairns following 2026-05-01
Dividend equivalent units after transaction
632.6 units
Dividend equivalents on RSUs held following 2026-05-01
Tax-withholding transactions
2 derivative entries
Both coded F for tax liability payment on 2026-05-01
Key Terms
Restricted Stock Units, Dividend equivalents on Restricted Stock units, tax-withholding disposition, contingent right to receive, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Dividend equivalents on Restricted Stock units financial
"Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
contingent right to receive financial
"Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock."
automatically deferred financial
"The restricted stock units vest and automatically defer. Vested shares will be paid six months following retirement or termination of service."
FAQ
What insider transaction did Sean Cairns report for SON on this Form 4/A?
Sean Cairns reported tax-withholding dispositions tied to Restricted Stock Units and dividend equivalents, using shares to cover tax liabilities. These are derivative-based entries, not open-market purchases or sales of Sonoco Products common stock.
Were Sean Cairns' SON transactions open-market sales of common stock?
No, the filing shows tax-withholding dispositions coded as “F,” meaning securities were delivered to satisfy tax obligations. There is no indication of open-market selling activity in Sonoco Products common stock in this Form 4/A.
How many Restricted Stock Units does Sean Cairns hold after these transactions?
After the reported tax-withholding events, Sean Cairns holds 1,615 Restricted Stock Units. Each unit represents a contingent right to receive one share of Sonoco Products common stock, generally payable several months after retirement or termination.
What are dividend equivalents on Restricted Stock Units in this SON filing?
Dividend equivalents are units that are the economic equivalent of one SON share, tracking dividends on the underlying stock. Cairns’ dividend equivalent units relate to his Restricted Stock Units and are scheduled to be paid roughly six months after separation from service.
How many dividend equivalent units does Sean Cairns hold following the Form 4/A?
Following the reported transactions, Sean Cairns holds 632.6 dividend equivalent units. According to the footnotes, each unit is economically equivalent to one Sonoco Products common share and will be paid out after his retirement or termination.