Sonoco (SON) executive exercises RSUs, uses 1,013 shares for tax withholding
Rhea-AI Filing Summary
Sonoco Products Company executive John M. Florence, General Counsel, Secretary and VP, reported multiple equity transactions in company stock. On February 20–21, 2026, he exercised restricted stock units into a total of 3,158 shares of common stock through derivative conversions.
The filings show corresponding tax-withholding dispositions of 1,013 shares of common stock at $56.45 per share to cover liabilities associated with these conversions. After these transactions, he directly held 9,197 shares of Sonoco common stock and 7,477 restricted stock units, plus an additional 22.9274 shares held indirectly by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,145 shares
Net Buy
7 txns
Insider
Florence John M
Role
Gnl Council, Secy, VP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,080 | $56.45 | $174K |
| Exercise | Common Stock | 3,080 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 935 | $56.45 | $53K |
| Exercise | Restricted Stock Units | 78 | $56.45 | $4K |
| Exercise | Common Stock | 78 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 78 | $56.45 | $4K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 13,732 shares (Direct);
Common Stock — 9,197 shares (Direct);
Common Stock — 22.9274 shares (Indirect, By Spouse)
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
What insider transactions did Sonoco (SON) executive John M. Florence report?
John M. Florence reported exercising restricted stock units into common shares and related tax-withholding dispositions. He converted 3,158 restricted stock units into common stock and disposed of 1,013 common shares at $56.45 per share to satisfy tax obligations tied to these equity awards.
Were John M. Florence’s Sonoco (SON) trades open-market buys or sells?
The filing shows derivative exercises and tax-withholding dispositions, not open-market buys or sells. Code M transactions converted restricted stock units into common shares, while code F transactions delivered shares at $56.45 to cover tax liabilities from those equity award conversions.
What do the restricted stock unit awards for Sonoco (SON) represent for John M. Florence?
Each restricted stock unit represents a contingent right to receive one share of Sonoco common stock. The units vest beginning one year from the date of grant in three annual installments of 33%, 33%, and 34%, as described in the Form 4 footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.