Sonoco executive RSUs used for tax withholding
Sonoco Products Company executive Sean Cairns reported routine equity-related tax transactions.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Dividend Equivalents on Restricted Stock Units | 102 | $50.06 | $5K |
| Exercise Price or Tax Liability | Restricted Stock Units | 790 | $50.06 | $40K |
Footnotes (4)
- F1. Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock
- F2. 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.
- F3. Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock.
- F4. 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.
Key Figures
Key Terms
Restricted Stock Units financial
Dividend equivalents on Restricted Stock units financial
tax-withholding disposition financial
contingent right financial
FAQ
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What insider transaction did Sonoco (SON) executive Sean Cairns report?
What Sonoco (SON) equity awards does Sean Cairns still hold after these transactions?
How do Sonoco (SON) restricted stock units work for this executive?
AI-generated analysis. How Rhea-AI works. Not financial advice.