STOCK TITAN

Sonoco (SON) CEO Coker exercises RSUs, uses shares to cover taxes

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

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.

Positive

  • None.

Negative

  • None.
Insider Coker R. Howard
Role President & CEO
Type Security Shares Price Value
Exercise Restricted Stock Units 20,947 $56.45 $1.18M
Exercise Common Stock 20,947 $0.00 --
Tax Withholding Common Stock 9,500 $56.45 $536K
Exercise Restricted Stock Units 17,127 $56.45 $967K
Exercise Common Stock 17,127 $0.00 --
Tax Withholding Common Stock 7,768 $56.45 $439K
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 42,997 shares (Direct); Common Stock — 554,152 shares (Direct); Common Stock — 17,873.704 shares (Indirect, By Spouse)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock. The restricted stock units vest beginning one year from date of grant in three annual installments of 33%, 33% and 34%.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Coker R. Howard

(Last) (First) (Middle)
ONE NORTH SECOND ST
P O BOX 160

(Street)
HARTSVILLE SC 29551-0160

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SONOCO PRODUCTS CO [ SON ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/20/2026 M 17,127 A $0.0000 540,973 D
Common Stock 02/20/2026 F 7,768 D $56.45 533,205 D
Common Stock 02/21/2026 M 20,947 A $0.0000 554,152 D
Common Stock 02/21/2026 F 9,500 D $56.45 544,652 D
Common Stock 17,873.7037 I By Spouse
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $0.0000(1) 02/20/2026 M 17,127 02/20/2025 (2) Common Stock 17,127 $56.45 17,646 D
Restricted Stock Units $0.0000(1) 02/21/2026 M 20,947 02/21/2026 (2) Common Stock 20,947 $56.45 42,997 D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock.
2. The restricted stock units vest beginning one year from date of grant in three annual installments of 33%, 33% and 34%.
By: Elizabeth R. Kremer - Power of Attorney for R. Howard Coker 02/24/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did Sonoco Products (SON) report for R. Howard Coker?

R. Howard Coker exercised restricted stock units and delivered shares for taxes. On February 20 and 21, he converted 17,127 and 20,947 RSUs into common stock and used 7,768 and 9,500 shares to cover related tax obligations at $56.45 per share.

Did the Sonoco Products (SON) CEO buy or sell shares on the open market?

The CEO’s Form 4 shows equity award exercises and tax-withholding dispositions, not open-market trades. Shares were acquired through conversion of restricted stock units and some shares were delivered back to cover tax liabilities associated with these awards at a stated price of $56.45.

How many Sonoco Products (SON) shares does the CEO hold after these transactions?

After the reported transactions, the CEO held 544,652 shares of Sonoco common stock directly and 17,646 restricted stock units. An additional 17,873.7037 shares were held indirectly through his spouse, reflecting both direct and indirect economic exposure to Sonoco equity.

What are restricted stock units in the Sonoco Products (SON) CEO’s Form 4?

Each restricted stock unit represents a contingent right to receive one Sonoco common share. The RSUs vest starting one year from the grant date in three annual installments of 33%, 33%, and 34%, aligning a portion of executive compensation with long-term company performance.

What does transaction code F mean in the Sonoco Products (SON) Form 4 filing?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this filing, certain Sonoco common shares were used to satisfy tax obligations tied to the CEO’s restricted stock unit conversions at a reported price of $56.45 per share.