Sonoco Products (NYSE: SON) CEO details stock gift and 888 new RSU dividend equivalents
Rhea-AI Filing Summary
Sonoco Products Company President and CEO R. Howard Coker reported routine equity transactions in company stock. On 12/02/2025, he reported a transaction coded "G" involving 2,360 shares of common stock at a stated price of $0.0000, which indicates a non-cash transfer such as a gift. After this, he directly beneficially owned 495,545 shares of common stock, with an additional 17,873.7037 shares reported as indirectly owned through his spouse.
In a separate entry dated 12/12/2025, Coker acquired 888 dividend equivalents on restricted stock units, each economically equivalent to one share of Sonoco common stock. These derivative awards, shown with an underlying price of $41.93, brought his total derivative holdings related to these awards to 18,183.1 units. The filing notes that these quarterly dividend equivalent rights on restricted stock will be settled when he retires or otherwise terminates his service.
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FAQ
What insider transaction did Sonoco Products (SON) report for its CEO?
Sonoco Products reported that President & CEO R. Howard Coker recorded a Form 4 transaction coded "G" on 12/02/2025 involving 2,360 shares of common stock at a stated price of $0.0000, indicating a non-cash transfer such as a gift.
How many Sonoco Products (SON) shares does the CEO own after this Form 4?
Following the reported transaction, R. Howard Coker beneficially owned 495,545 shares of Sonoco Products common stock directly and 17,873.7037 shares indirectly through his spouse.
What derivative securities did the Sonoco (SON) CEO acquire on 12/12/2025?
On 12/12/2025, the CEO acquired 888 dividend equivalents on restricted stock units, each economically equivalent to one share of Sonoco common stock, with an underlying stock price shown as $41.93.
What are dividend equivalents on restricted stock units in this Sonoco (SON) filing?
The filing explains that each share of dividend equivalents on restricted stock units is the economic equivalent of one share of Sonoco Products common stock and represents quarterly dividend equivalent rights on restricted stock.
When will the Sonoco (SON) CEO’s dividend equivalent rights be settled?
The quarterly dividend equivalent rights on restricted stock reported in the derivative table will be settled upon the reporting person's retirement or other termination of service.
How many derivative units related to Sonoco (SON) RSU dividend equivalents does the CEO now hold?
After acquiring 888 additional units on 12/12/2025, the CEO beneficially owned 18,183.1 derivative securities tied to dividend equivalents on restricted stock units.