Sonoco (SON) CEO exercises 16,274 RSUs and withholds 5,021 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
16,274 shares exercised/converted
Mixed
4 txns
Insider
Coker R. Howard
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 16,274 | $51.67 | $841K |
| Exercise | Common Stock | 16,274 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,021 | $51.67 | $259K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 511,819 shares (Direct);
Common Stock — 17,873.704 shares (Indirect, By Spouse)
Footnotes (1)
- [object Object]
FAQ
What insider transactions did SON CEO Coker R. Howard report on this Form 4?
Coker R. Howard reported exercising 16,274 restricted stock units into common stock and a related tax-withholding disposition of 5,021 common shares at $51.67 per share. These transactions reflect equity compensation activity rather than open-market buying or selling.
What did the Sonoco (SON) restricted stock unit transaction involve?
The CEO exercised 16,274 restricted stock units, converting them into 16,274 Sonoco common shares at a stated value of $51.67 per unit. A footnote explains the units vest 33%, 33%, and 34% annually beginning one year after the grant date.