Sonoco (SON) COO receives stock, RSU grants and settles tax with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonoco Products Company Chief Operating Officer Rodger D. Fuller reported equity compensation changes. He received grants of 657 Restricted Stock Units and 9,175 shares of common stock at $43.64 per share as awards. Related dispositions of 24 RSUs and 3,046 common shares were made to cover tax withholding, not as open-market sales. Following these transactions, he directly holds 178,370 shares of common stock and 3,793 RSUs, which represent rights to receive the same number of shares in the future.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Fuller Rodger D
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units II | 657 | $0.00 | -- |
| Tax Withholding | Restricted Stock Units II | 24 | $0.00 | -- |
| Grant/Award | Common Stock | 9,175 | $43.64 | $400K |
| Tax Withholding | Common Stock | 3,046 | $43.64 | $133K |
Holdings After Transaction:
Restricted Stock Units II — 3,817 shares (Direct);
Common Stock — 181,416 shares (Direct)
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 immediately and deferred. Vested shares will be paid to the reporting person six months following retirement or termination of service. 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.
FAQ
What insider transactions did SON COO Rodger D. Fuller report on this Form 4?
Rodger D. Fuller reported equity awards and related tax transactions. He received 657 Restricted Stock Units and 9,175 common shares, and delivered 24 RSUs plus 3,046 shares to satisfy tax withholding obligations tied to these awards.
Were the Sonoco (SON) insider transactions open-market stock purchases or sales?
The transactions were not open-market trades. They reflect stock and Restricted Stock Unit awards to the COO, plus a tax-withholding disposition where 24 RSUs and 3,046 common shares were delivered to cover associated tax liabilities.
What are Restricted Stock Units in this Sonoco (SON) Form 4 filing?
Each Restricted Stock Unit represents a right to receive one Sonoco common share. The units vest and are deferred, with vested shares scheduled to be paid to the reporting person six months after retirement or termination of service from the company.
When will the Sonoco (SON) Restricted Stock Units reported by the COO be paid out?
The filing states vested Restricted Stock Units will be paid in shares to the reporting person six months following retirement or termination of service, reflecting a deferred equity compensation structure rather than immediate share delivery.