Sonoco (SON) VP Adam Wood converts RSUs, reports tax and issuer share dispositions
Rhea-AI Filing Summary
Sonoco Products Company executive Adam Wood reported multiple equity compensation transactions involving restricted stock units (RSUs) and common stock. On February 20 and 21, he exercised RSUs into a total of 1,484 shares of Sonoco common stock through derivative exercises/conversions.
These conversions delivered 668 and 816 RSUs into the same number of common shares, with some shares shown at a reference price of $56.45 per share. To cover tax obligations and a disposition to the issuer, 384 shares were withheld for tax payment and 314 shares were disposed to the issuer.
After these transactions, Wood held 34,319 shares of Sonoco common stock directly, along with 1,658 RSUs, each representing a contingent right to receive one share of common stock that vests over three years in 33%, 33% and 34% annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 816 | $56.45 | $46K |
| Exercise | Common Stock | 816 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 384 | $56.45 | $22K |
| Exercise | Restricted Stock Units | 668 | $56.45 | $38K |
| Exercise | Common Stock | 668 | $0.00 | $0.00 |
| Disposition | Common Stock | 314 | $56.45 | $18K |
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock.
- F2. The restricted stock units vest beginning one year from date of grant in three annual installments of 33%, 33% and 34%.
FAQ
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