Sonoco CEO exercises 16,274 RSUs, with tax share offset
Sonoco Products President & CEO Coker R. Howard reported equity transactions involving restricted stock units and common stock.
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Rhea-AI Filing Summary
Sonoco Products President & CEO Coker R. Howard reported equity transactions involving restricted stock units and common stock. He exercised 16,274 restricted stock units, converting them into 16,274 shares of common stock at a stated price of $51.67 per unit. To cover tax obligations, 5,021 common shares were disposed of through a tax-withholding transaction at $51.67 per share, rather than an open-market sale. After these transactions, Howard directly owned 506,798 common shares. The filing also notes 17,873.7037 common shares held indirectly through his spouse. A footnote explains that these restricted stock units vest 33%, 33%, and 34% annually beginning one year from the grant date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 16,274 | $51.67 | $841K |
| Exercise | Common Stock | 16,274 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 5,021 | $51.67 | $259K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. The restricted stock units vest 33%, 33%, 34% per year beginning one year from date of grant.
FAQ
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What insider transactions did SON CEO Coker R. Howard report on this Form 4?
What did the Sonoco (SON) restricted stock unit transaction involve?
AI-generated analysis. How Rhea-AI works. Not financial advice.