Sonoco (NYSE: SON) CEO receives major RSU and stock awards in Form 4
Rhea-AI Filing Summary
Sonoco Products Company President & CEO Howard Coker reported multiple equity compensation grants and related tax-withholding transactions dated February 19, 2026. He was granted 52,318 Restricted Stock Units and 1,231 Restricted Stock Units II, each unit representing a contingent right to receive one share of common stock, plus 31,196 shares of common stock.
The Restricted Stock Units begin vesting one year from grant in three annual installments of 33%, 33% and 34%. Certain units vest and are deferred, with vested shares to be delivered six months after retirement or termination of service. To cover tax liabilities, 42 Restricted Stock Units II were disposed of at $56.07 per unit and 14,148 shares of common stock were disposed of at $43.64 per share through share withholding. The filing also reports 17,873.7037 shares of common stock held indirectly by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 52,318 | $0.00 | -- |
| Grant/Award | Restricted Stock Units II | 1,231 | $0.00 | -- |
| Tax Withholding | Restricted Stock Units II | 42 | $56.07 | $2K |
| Grant/Award | Common Stock | 31,196 | $43.64 | $1.36M |
| Tax Withholding | Common Stock | 14,148 | $43.64 | $617K |
| holding | Common Stock | -- | -- | -- |
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%. The restricted stock units vest and defer. Vested shares will be paid to the reporting person six months following retirement or termination of service. Each share of Restricted Stock Unit is the equivalent of one share of Sonoco Products Company common stock. The shares were cashed out to account for withholding taxes. The restricted stock units vest and deferred . Vested shares will be paid to the reporting person six months following retirement or termination of service.