Sonoco exec gets stock awards, shares withheld for tax
Sonoco Products executive Ernest D. Haynes III reported equity awards and related tax withholding.
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Rhea-AI Filing Summary
Sonoco Products executive Ernest D. Haynes III reported equity awards and related tax withholding. He received 9,233 restricted stock units and 438 additional restricted stock units, plus 1,835 shares of common stock at $43.64 per share. To cover taxes, 814 common shares were disposed of through a tax-withholding transaction, leaving 9,299 common shares held directly and 35.2594 shares held indirectly via a 401(k). The restricted stock units vest over time and, in some cases, are paid six months after retirement or termination.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 9,233 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units II | 438 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 1,835 | $43.64 | $80K |
| Exercise Price or Tax Liability | Common Stock | 814 | $43.64 | $36K |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock.
- F2. The restricted stock units vest beginning one year from date of grant in three annual installments of 33%, 33% and 34%.
- F3. The restricted stock units vest on 12/20/2027 and defer. Vested shares will be paid to the reporting person six months following retirement or termination of service.
- F4. Vested shares will be paid to the reporting person six months following retirement or termination of service.
FAQ
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What did SON executive Ernest D. Haynes III report on this Form 4?
How many restricted stock units did SON grant to Ernest D. Haynes III?
How do the restricted stock units for SON vest and pay out?
Was the Form 4 transaction for SON a market buy or sell by the executive?
AI-generated analysis. How Rhea-AI works. Not financial advice.