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Sonoco (SON) exec covers taxes with 892 RSU share equivalents

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Sonoco Products Company executive Sean Cairns reported routine equity-related tax transactions. On May 1, 2026, 790 restricted stock units and 102 dividend equivalent units, each economically equal to one share of common stock, were used in tax-withholding dispositions at $50.06 per share.

These Form 4 entries reflect shares delivered to cover tax obligations, not open-market purchases or sales. Following these transactions, Cairns holds 825 restricted stock units and 530.6 dividend equivalent units, which represent contingent rights to receive common stock, generally payable about six months after retirement or other separation.

Positive

  • None.

Negative

  • None.
Insider Cairns Sean
Role Pres Consumer Pkg EMEA/APAC
Type Security Shares Price Value
Tax Withholding Dividend Equivalents on Restricted Stock Units 102 $50.06 $5K
Tax Withholding Restricted Stock Units 790 $50.06 $40K
Holdings After Transaction: Dividend Equivalents on Restricted Stock Units — 530.6 shares (Direct, null); Restricted Stock Units — 825 shares (Direct, null)
Footnotes (1)
  1. Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock to be paid out 6 months after separation. Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock. The restricted stock units vest and automatically defer. Vested shares will be paid to the reporting person six months following retirement or termination of service.
Tax-withholding RSUs 790 units at $50.06 Restricted stock units delivered for tax withholding on May 1, 2026
Tax-withholding dividend equivalents 102 units at $50.06 Dividend equivalents on RSUs delivered for tax withholding on May 1, 2026
Total tax-withholding shares 892 share equivalents Combined RSU and dividend equivalent units used for tax obligations
RSUs remaining 825 units Restricted stock units held after transactions
Dividend equivalents remaining 530.6 units Dividend equivalent units held after transactions
Exercise/conversion price $0.00 per unit Conversion or exercise price for reported derivative awards
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Dividend equivalents on Restricted Stock units financial
"Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cairns Sean
(Last)(First)(Middle)
ONE NORTH SECOND ST
P O BOX 160
(Street)
HARTSVILLE SOUTH CAROLINA 29551-0160
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
SONOCO PRODUCTS CO [ SON ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Pres Consumer Pkg EMEA/APAC
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Dividend Equivalents on Restricted Stock Units$0.0000(1)05/01/2026F102 (2) (2)Common Stock102$50.06530.6D
Restricted Stock Units$0.0000(3)05/01/2026F79005/01/2026(4)05/01/2037Common Stock790$50.06825D
Explanation of Responses:
1. Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock
2. Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock to be paid out 6 months after separation.
3. Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock.
4. The restricted stock units vest and automatically defer. Vested shares will be paid to the reporting person six months following retirement or termination of service.
By:Elizabeth R. Kremer - Power of Attorney for Sean Cairns06/11/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Sonoco (SON) executive Sean Cairns report?

Sean Cairns reported tax-withholding dispositions of equity awards, not open-market trades. 790 restricted stock units and 102 dividend equivalent units were delivered to cover tax obligations tied to his compensation at a reference price of $50.06 per share.

Were Sonoco (SON) shares bought or sold on the market in this Form 4?

No open-market buys or sells were reported. The Form 4 shows shares from restricted stock units and dividend equivalents were withheld or delivered to satisfy tax liabilities, a common non-market mechanism associated with vesting or payout of equity compensation.

How many Sonoco (SON) share equivalents were used for tax withholding?

A total of 892 share equivalents were used for tax withholding. This includes 790 restricted stock units and 102 dividend equivalent units, each economically equivalent to one share of Sonoco Products Company common stock at a reference price of $50.06.

What Sonoco (SON) equity awards does Sean Cairns still hold after these transactions?

After the reported tax-withholding dispositions, Sean Cairns holds 825 restricted stock units and 530.6 dividend equivalent units. Each unit represents a contingent right to receive one share of Sonoco common stock, generally payable about six months after retirement or termination.

How do Sonoco (SON) restricted stock units work for this executive?

Each restricted stock unit represents a contingent right to receive one Sonoco common share. The units vest and are automatically deferred, with vested shares scheduled to be paid to the executive six months after retirement or termination, according to the disclosed plan terms.