Sonoco CEO exercises RSUs, settles tax with shares
Sonoco Products Company’s President & CEO R. Howard Coker reported multiple equity award transactions.
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Rhea-AI Filing Summary
Sonoco Products Company’s President & CEO R. Howard Coker reported multiple equity award transactions. On February 20 and 21, he exercised restricted stock units, converting 17,127 and 20,947 RSUs into an equal number of common shares. Associated tax obligations were settled by delivering 7,768 and 9,500 shares of common stock at $56.45 per share. After these transactions, he directly held 544,652 shares of common stock and 17,646 restricted stock units, with an additional 17,873.7037 shares held indirectly through his spouse.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 20,947 | $56.45 | $1.18M |
| Exercise | Common Stock | 20,947 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,500 | $56.45 | $536K |
| Exercise | Restricted Stock Units | 17,127 | $56.45 | $967K |
| Exercise | Common Stock | 17,127 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,768 | $56.45 | $439K |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock.
- F2. The restricted stock units vest beginning one year from date of grant in three annual installments of 33%, 33% and 34%.
FAQ
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What insider activity did Sonoco Products (SON) report for R. Howard Coker?
What are restricted stock units in the Sonoco Products (SON) CEO’s Form 4?
What does transaction code F mean in the Sonoco Products (SON) Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.