Sonoco (NYSE: SON) CFO exercises 8,348 RSUs and uses 2,534 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonoco Products CFO Paul Joachimczyk exercised restricted stock units that converted into 8,348 shares of common stock on June 30, 2026. To cover tax obligations, 2,534 shares were disposed of at $56.35 per share. After these compensation-related transactions, he directly holds 34,372 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,348 shares exercised/converted
Mixed
3 txns
Insider
Joachimczyk Paul
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,348 | $56.35 | $470K |
| Exercise | Common Stock | 8,348 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,534 | $56.35 | $143K |
Holdings After Transaction:
Restricted Stock Units — 16,947 shares (Direct, null);
Common Stock — 36,906 shares (Direct, null)
Footnotes (1)
Key Figures
RSUs exercised: 8,348 shares
Tax-withholding shares: 2,534 shares
Tax-withholding price: $56.35 per share
+3 more
6 metrics
RSUs exercised
8,348 shares
Restricted Stock Units converted to common stock on June 30, 2026
Tax-withholding shares
2,534 shares
Shares delivered for tax liability at $56.35 on June 30, 2026
Tax-withholding price
$56.35 per share
Value used for tax-withholding disposition on June 30, 2026
Shares held after transactions
34,372 shares
Direct common stock holdings after June 30, 2026 transactions
RSU expiration date
July 1, 2028
Original expiration date of 8,348 Restricted Stock Units exercised
Net buy/sell shares
0 shares
Transaction summary net buy/sell direction marked neutral
Key Terms
Restricted Stock Units, derivative security, tax-withholding disposition, Exercise or conversion
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" with 8,348.0000 shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 2,534.0000 shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Exercise or conversion financial
"transaction_code_description: "Exercise or conversion of derivative security""
FAQ
What insider transactions did Sonoco (SON) CFO Paul Joachimczyk report?
He reported exercising restricted stock units into 8,348 shares of common stock and a related tax-withholding disposition of 2,534 shares on June 30, 2026. These are compensation-related events, not open-market purchases or sales, and reflect routine equity award activity.
What does the tax-withholding transaction mean in the Sonoco (SON) Form 4?
The tax-withholding transaction means 2,534 shares of Sonoco common stock were delivered to satisfy tax liabilities from equity vesting. It is coded as an F transaction, which indicates payment of exercise price or tax liability by delivering securities, not a discretionary open-market sale.
What derivative securities did the Sonoco (SON) CFO exercise?
He exercised 8,348 restricted stock units, a derivative security that converts into common stock. The RSUs converted into 8,348 Sonoco common shares at a stated conversion price of $0.00, with an original expiration date of July 1, 2028, and are now reflected as common stock holdings.
Does this Sonoco (SON) Form 4 indicate net buying or selling by the CFO?
Overall activity is neutral on a buy/sell basis. The CFO acquired 8,348 shares through RSU conversion and disposed of 2,534 shares solely to cover tax obligations. The transaction summary shows net buy/sell shares of zero and classifies the pattern as compensation-related, not open-market trading.