Sonoco (NYSE: SON) HR chief exercises RSUs, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonoco Products Company executive Andrea B. White reported equity award activity involving restricted stock units and common stock. She converted 374 restricted stock units into 374 shares of common stock and then delivered 134 shares at $51.67 per share to cover tax obligations, leaving 3,849 shares held directly. She also reports 620 shares of common stock held indirectly through a 401(k) plan. Each restricted stock unit represents a right to receive one share of common stock, vesting over three years in 33%, 33%, and 34% annual installments beginning one year from grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
374 shares exercised/converted
Mixed
4 txns
Insider
White Andrea B.
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 374 | $51.67 | $19K |
| Exercise | Common Stock | 374 | $0.00 | -- |
| Tax Withholding | Common Stock | 134 | $51.67 | $7K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 3,983 shares (Direct);
Common Stock — 620 shares (Indirect, by 401k plan)
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 transaction did Andrea B. White report at Sonoco (SON)?
Andrea B. White reported converting 374 restricted stock units into common stock and delivering 134 shares to cover tax obligations. After these transactions, she directly held 3,849 Sonoco common shares and indirectly held 620 shares through a 401(k) plan.
How many Sonoco (SON) restricted stock units were converted into common stock?
A total of 374 restricted stock units were converted into 374 shares of Sonoco common stock. The filing notes this as an exercise or conversion of a derivative security, moving the award from restricted units into directly held common shares.
How do Sonoco (SON) restricted stock units vest for this grant?
Each restricted stock unit represents a contingent right to receive one Sonoco common share. The units vest beginning one year from the grant date, in three annual installments of 33%, 33%, and 34%, creating a three-year graded vesting schedule for the award.
What role does Andrea B. White hold at Sonoco (SON)?
Andrea B. White is identified as Sonoco Products Company’s Chief Human Resources Officer. The reported transactions reflect equity compensation activity associated with her executive role, including restricted stock units that convert into common shares over a three-year vesting period.