Sonoco (NYSE: SON) counsel exercises RSUs, withholds shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonoco Products Co executive John M. Florence reported derivative and stock transactions related to equity awards. On February 13, 2026, he exercised 74 Restricted Stock Units at $51.67 per unit, converting them into 74 shares of common stock held directly.
On the same date, 74 common shares were disposed of in a tax-withholding transaction at $51.67 per share to cover obligations arising from the award, leaving 7,052 common shares held directly. He also reports 22.9274 common shares held indirectly by his spouse. A footnote states the restricted stock units vest 33%, 33%, 34% annually beginning one year from grant, with vested shares paid six months after retirement or termination.
Positive
- None.
Negative
- None.
Insider Trade Summary
74 shares exercised/converted
Mixed
4 txns
Insider
Florence John M
Role
Gnl Council, Secy, VP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 74 | $51.67 | $4K |
| Exercise | Common Stock | 74 | $0.00 | -- |
| Tax Withholding | Common Stock | 74 | $51.67 | $4K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 6,664 shares (Direct);
Common Stock — 7,126 shares (Direct);
Common Stock — 22.927 shares (Indirect, By Spouse)
Footnotes (1)
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FAQ
What insider transactions did SON executive John M. Florence report?
John M. Florence reported exercising 74 Restricted Stock Units at $51.67 each into 74 common shares, then disposing of 74 common shares in a tax-withholding transaction at the same price. These moves reflect equity award activity rather than open-market buying or selling.
Did John M. Florence of SON buy or sell Sonoco common stock on the market?
The filing shows no open-market purchases or sales. Florence exercised 74 Restricted Stock Units into common shares, then had 74 common shares disposed of to satisfy tax obligations, a non-market tax-withholding transaction commonly used to cover required withholding on equity awards.
What were the prices involved in John M. Florence’s SON equity transactions?
The Restricted Stock Units were exercised at $51.67 per unit, converting into common shares. The tax-withholding disposition of 74 common shares also used a price of $51.67 per share, aligning the valuation for both the derivative exercise and the related tax payment transaction.
How do the restricted stock units for SON’s John M. Florence vest and pay out?
According to the footnote, these restricted stock units vest 33%, 33%, and 34% per year starting one year from the grant date. Vested shares are scheduled to be paid to Florence six months after his retirement or termination of service from Sonoco Products Co.
What type of disposition did John M. Florence report for his SON common stock?
Florence reported a tax-withholding disposition coded “F,” meaning 74 common shares were delivered to satisfy exercise price or tax liabilities. This is distinct from an open-market sale and typically occurs automatically in connection with equity award vesting or exercise events.