Sonoco executive receives phantom and RSU awards
Sonoco Products executive John M. Florence reported equity-related transactions involving phantom stock units and restricted stock units on February 19, 2026.
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Rhea-AI Filing Summary
Sonoco Products executive John M. Florence reported equity-related transactions involving phantom stock units and restricted stock units on February 19, 2026. He received 4,588 phantom stock units and 9,233 restricted stock units, plus 480 additional restricted stock units II.
The filing also shows a tax-withholding disposition of 156 phantom stock units used to cover tax obligations. Phantom and restricted units each represent the economic equivalent or contingent right to one share of Sonoco common stock, with vesting and payout deferred over future years.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 4,588 | $43.64 | $200K |
| Exercise Price or Tax Liability | Phantom Stock Units | 156 | $56.07 | $9K |
| Grant/Award | Restricted Stock Units | 9,233 | $56.07 | $518K |
| Grant/Award | Restricted Stock Units II | 480 | $0.00 | $0.00 |
Footnotes (7)
- F1. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
- F2. Represents performance shares which have vested but receipt of which has been deferred until six months after termination of service.
- F3. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock. The shares were cashed out to account for withholding taxes.
- F4. Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock.
- F5. The restricted stock units vest beginning one year from date of grant in three annual installments of 33%, 33% and 34%.
- F6. The restricted stock units vest on 12/17/2033 and defer. Vested shares will be paid to the reporting person six months following retirement or termination of service.
- F7. Vested shares will be paid to the reporting person six months following retirement or termination of service.
FAQ
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What insider transactions did SON executive John M. Florence report?
How many Sonoco (SON) phantom stock units did the executive receive?
What restricted stock unit awards were granted to the SON executive?
Why were 156 Sonoco phantom stock units disposed of in this Form 4?
When do the Sonoco (SON) restricted stock units reported here vest?
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