Sonoco (NYSE: SON) CAO converts RSUs and withholds 134 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonoco Products Chief Accounting Officer Aditya Gandhi exercised 374 restricted stock units into 374 shares of common stock at $51.67 per share. To cover tax obligations, 134 shares of common stock were withheld, leaving Gandhi with direct ownership of 3,024 Sonoco common shares after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
374 shares exercised/converted
Mixed
3 txns
Insider
Gandhi Aditya
Role
CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 374 | $51.67 | $19K |
| Exercise | Common Stock | 374 | $0.00 | -- |
| Tax Withholding | Common Stock | 134 | $51.67 | $7K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 3,158 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transactions did Sonoco (SON) CAO Aditya Gandhi report?
Aditya Gandhi reported exercising 374 restricted stock units into 374 Sonoco common shares and a related tax-withholding disposition of 134 shares. These transactions are equity-compensation related rather than open-market trades, and reflect routine management of stock-based awards.
What was the nature of the Sonoco (SON) CAO’s restricted stock unit transaction?
The CAO converted 374 restricted stock units into an equal number of Sonoco common shares through an exercise or conversion of a derivative security. A footnote states the units vest 33%, 33%, and 34% annually beginning one year from the grant date.
Were any of the Sonoco (SON) CAO’s transactions open-market stock sales?
No open-market sales were reported. The only disposition was coded “F,” meaning 134 Sonoco common shares were withheld to pay the exercise price or tax liability. This is a tax-withholding transaction tied to equity compensation, not a discretionary sale into the market.
At what price were the Sonoco (SON) equity transactions computed?
Both the restricted stock unit exercise and the related tax-withholding disposition used a price of $51.67 per Sonoco common share. This price applies to 374 shares acquired through conversion and 134 shares withheld to satisfy the associated tax or exercise obligations.