Sonoco (NYSE: SON) CAO converts RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonoco Products Company's Chief Accounting Officer Aditya Gandhi reported multiple equity award transactions. On February 20 and 21, 2026, he exercised restricted stock units into a total of 1,435 shares of common stock through derivative conversions. To cover tax obligations, 512 common shares were withheld and disposed of in tax-withholding transactions at $56.45 per share. After these moves, he directly owned 4,254 shares of common stock and 1,956 restricted stock units, each RSU representing the right to receive one share that vests over three years in 33%, 33% and 34% annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,435 shares exercised/converted
Mixed
6 txns
Insider
Gandhi Aditya
Role
CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 962 | $56.45 | $54K |
| Exercise | Common Stock | 962 | $0.00 | -- |
| Tax Withholding | Common Stock | 343 | $56.45 | $19K |
| Exercise | Restricted Stock Units | 473 | $56.45 | $27K |
| Exercise | Common Stock | 473 | $0.00 | -- |
| Tax Withholding | Common Stock | 169 | $56.45 | $10K |
Holdings After Transaction:
Restricted Stock Units — 1,956 shares (Direct);
Common Stock — 4,597 shares (Direct)
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 transactions did SON’s CAO Aditya Gandhi report on this Form 4?
Aditya Gandhi exercised restricted stock units into common shares and had shares withheld for taxes. He converted 1,435 RSUs into common stock and disposed of 512 shares to satisfy tax-withholding obligations at $56.45 per share on February 20 and 21, 2026.
Were the SON insider disposals open-market sales or tax withholding events?
The disposals were tax-withholding events, not open-market sales. Code F transactions show 343 and 169 common shares delivered at $56.45 per share specifically to satisfy tax liabilities arising from the RSU exercises, according to the Form 4 transaction descriptions.
What do the restricted stock units reported by SON’s CAO represent?
Each restricted stock unit represents a contingent right to receive one share of Sonoco Products common stock. According to the footnotes, these RSUs vest beginning one year from the grant date, in three annual installments of 33%, 33% and 34%, subject to continued service.
How many SON restricted stock units did the CAO convert and how many remain?
The CAO converted 962 and 473 restricted stock units on consecutive days through derivative exercises. Following these RSU conversions, he reported holding 1,956 remaining restricted stock units, which will settle into Sonoco common shares as they vest under the award terms.