Sonoco executive converts RSUs, withholds shares for taxes
Sonoco Products Company executive John M. Florence, General Counsel, Secretary and VP, reported multiple equity transactions in company stock.
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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.
Insider Trade Summary
| 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 | -- | -- | -- |
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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What insider transactions did Sonoco (SON) executive John M. Florence report?
Were John M. Florence’s Sonoco (SON) trades open-market buys or sells?
What do the restricted stock unit awards for Sonoco (SON) represent for John M. Florence?
AI-generated analysis. How Rhea-AI works. Not financial advice.