Sonoco (NYSE: SON) interim CFO exercises RSUs, withholds 65 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonoco Products interim CFO Jerry A. Cheatham reported equity compensation activity involving restricted stock units and common shares. On February 13, 2026, 180 restricted stock units were exercised or converted at an indicated price of $51.67 per share, resulting in the acquisition of 180 shares of common stock.
In connection with this vesting, 65 common shares were disposed of at $51.67 per share to cover tax obligations, a tax-withholding disposition rather than an open-market sale. Following these transactions, Cheatham directly held 3,798 common shares and also had indirect ownership through a 401(k) plan, which held 2,259.39 shares after the reported activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
180 shares exercised/converted
Mixed
4 txns
Insider
Cheatham Jerry A
Role
Interim CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 180 | $51.67 | $9K |
| Exercise | Common Stock | 180 | $0.00 | -- |
| Tax Withholding | Common Stock | 65 | $51.67 | $3K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 3,863 shares (Direct);
Common Stock — 2,259.39 shares (Indirect, by 401k plan)
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%.
FAQ
What insider transactions did SON interim CFO Jerry Cheatham report on this Form 4?
Jerry Cheatham reported exercising 180 restricted stock units into Sonoco common shares and a related tax-withholding disposition of 65 shares at $51.67 per share. These transactions reflect equity compensation vesting rather than open-market buying or selling activity.
What restricted stock unit activity did Sonoco (SON) disclose for interim CFO Jerry Cheatham?
The Form 4 shows 180 restricted stock units were exercised or converted on February 13, 2026 at an indicated price of $51.67 per share. Each unit represents a contingent right to receive one Sonoco common share as the awards vest over time.
How do the Sonoco (SON) restricted stock units for Jerry Cheatham vest over time?
The restricted stock units vest beginning one year from the grant date in three annual installments of 33%, 33%, and 34%. This schedule gradually delivers Sonoco common shares as long-term equity compensation for the interim CFO role.