Sonoco (SON) executive exercises RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonoco Products Company executive James A. Harrell III, President of Global Industrial Paper Packaging, reported multiple equity award transactions. On February 20 and 21, 2026, he exercised restricted stock units into 2,464 and 1,952 shares of common stock in separate transactions, with some shares converted at a stated value of $56.45 per unit.
Following these conversions, a total of 748 and 593 common shares were disposed of to cover tax obligations through share withholding, not open‑market sales. After these transactions, he held 59,956 common shares directly in one entry, and also reported 3,316.3074 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,416 shares exercised/converted
Mixed
7 txns
Insider
Harrell James A. III
Role
Pres. Global Ind. Paper Pkg.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,464 | $56.45 | $139K |
| Exercise | Common Stock | 2,464 | $0.00 | -- |
| Tax Withholding | Common Stock | 748 | $56.45 | $42K |
| Exercise | Restricted Stock Units | 1,952 | $56.45 | $110K |
| Exercise | Common Stock | 1,952 | $0.00 | -- |
| Tax Withholding | Common Stock | 593 | $56.45 | $33K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,004 shares (Direct);
Common Stock — 60,704 shares (Direct);
Common Stock — 3,316.307 shares (Indirect, By 401k)
Footnotes (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%.
FAQ
What insider activity did SON executive James A. Harrell III report on this Form 4?
James A. Harrell III reported exercises of restricted stock units into common stock and related tax-withholding dispositions. These transactions reflect equity awards converting into Sonoco common shares, with a portion of the stock withheld to satisfy tax obligations rather than being sold in the open market.
What is James A. Harrell III’s direct Sonoco (SON) common stock holding after these transactions?
One reported line shows 59,956 shares of Sonoco common stock held directly after the February 20, 2026 transactions. Another entry indicates 60,704 shares following a subsequent conversion, reflecting how individual transaction lines update share balances at different stages of the reported activity.
How are restricted stock units described in this Sonoco (SON) Form 4 footnote?
Each restricted stock unit represents a contingent right to receive one share of Sonoco common stock. The footnotes explain that these units vest over time, beginning one year from grant in three annual installments of 33%, 33%, and 34%, subject to the award’s terms.