Sonoco Products (NYSE: SON) exec exercises RSUs, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonoco Products executive Sean Cairns exercised 958 restricted stock units on February 13, 2026, converting them into 958 shares of common stock at $51.67 per share. To cover tax obligations, 221 shares were disposed of at $51.67, leaving him with 16,405 directly held common shares. The restricted stock units vest 33%, 33%, and 34% annually beginning one year from the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
958 shares exercised/converted
Mixed
3 txns
Insider
Cairns Sean
Role
Pres Consumer Pkg EMEA/APAC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 958 | $51.67 | $49K |
| Exercise | Common Stock | 958 | $0.00 | -- |
| Tax Withholding | Common Stock | 221 | $51.67 | $11K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 16,626 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did SON executive Sean Cairns report on this Form 4?
Sean Cairns reported exercising 958 restricted stock units into 958 shares of Sonoco Products common stock at $51.67 per share, with 221 shares disposed of to satisfy tax obligations, resulting in 16,405 directly held common shares after the transactions.
How do Sean Cairns’ restricted stock units in Sonoco Products (SON) vest over time?
The restricted stock units vest in three annual installments: 33%, 33%, and 34%, beginning one year from the grant date. This schedule gradually delivers shares over three years as long as vesting conditions are met.
What transaction codes appear in Sean Cairns’ Sonoco Products (SON) Form 4 and what do they mean?
The Form 4 uses code M for exercising or converting 958 restricted stock units into common stock, and code F for the disposition of 221 common shares to pay tax liabilities arising from that derivative exercise.