Sonoco Products (NYSE: SON) legal executive exercises rights and sells stock
Rhea-AI Filing Summary
Sonoco Products Co executive John M. Florence (General Counsel, Secretary and VP) on 2026-07-29 exercised 6,859 Stock Appreciation Rights, acquiring 6,859 common shares at $54.4600 per share. Of these, 6,598 shares were withheld to cover exercise price or tax obligations and 261 shares were sold at $58.5600. An additional 22.9274 common shares are reported as held indirectly by his spouse after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Florence John M
Role
Gnl Council, Secy, VP
Sold
261 shs ($15K)
Approx. gross sale proceeds
$15K
Approx. exercise cost
$374K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Right | 6,859 | $58.54 | $402K |
| Exercise | Common Stock | 6,859 | $54.46 | $374K |
| Sale | Common Stock | 261 | $58.56 | $15K |
| Exercise Price or Tax Liability | Common Stock | 6,598 | $58.54 | $386K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Right — 0 shares (Direct);
Common Stock — 9,197 shares (Direct);
Common Stock — 22.9274 shares (Indirect, By Spouse)
Key Figures
Stock appreciation rights exercised: 6,859.0000 shares
Common shares acquired on exercise: 6,859.0000 shares
Shares sold: 261.0000 shares at $58.5600
+3 more
6 metrics
Stock appreciation rights exercised
6,859.0000 shares
Stock Appreciation Right exercised on 2026-07-29 at $54.4600 per share
Common shares acquired on exercise
6,859.0000 shares
Common Stock received from Stock Appreciation Right exercise on 2026-07-29
Shares sold
261.0000 shares at $58.5600
Common Stock sale on 2026-07-29 reported with code S
Shares withheld for exercise price or taxes
6,598.0000 shares at $58.5400
Code F disposition to pay exercise price or tax liability on 2026-07-29
Stock Appreciation Right exercise price
$54.4600 per share
Conversion or exercise price for 6,859-share Stock Appreciation Right
Indirect holdings by spouse
22.9274 shares
Common Stock reported as indirectly owned By Spouse after transactions
Key Terms
Stock Appreciation Right, derivative security, indirect ownership
3 terms
Stock Appreciation Right financial
"Security title reported as Stock Appreciation Right for derivative transaction"
A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.
derivative security financial
"Transaction code M described as Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
indirect ownership financial
"Ownership type reported as indirect with nature of ownership By Spouse"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transactions did Sonoco (SON) insider John M. Florence report?
John M. Florence reported exercising 6,859 Stock Appreciation Rights, receiving 6,859 Sonoco common shares. On the same date, 6,598 shares were withheld to cover exercise price or tax obligations and 261 shares of common stock were sold.
What stock appreciation rights did John M. Florence exercise at Sonoco (SON)?
He exercised 6,859 Stock Appreciation Rights into 6,859 Sonoco common shares at an exercise price of $54.4600 per share. The Stock Appreciation Right originally had an exercise date of 2018-02-08 and an expiration date of 2027-02-08.
What indirect Sonoco (SON) holdings by John M. Florence’s spouse are reported?
The filing reports 22.9274 Sonoco common shares held as indirect ownership "By Spouse" following the reported transactions. This indicates a small Sonoco position attributed to Florence through his spouse’s holdings.
Did John M. Florence retain any Stock Appreciation Rights at Sonoco (SON) after this Form 4?
The entry for the Stock Appreciation Right shows 0.0000 derivative shares following the transaction. This indicates the reported Stock Appreciation Right for 6,859 shares was fully exercised, with no remaining balance in that award.