[Form 4] Sonoco Products Company Insider Trading Activity
Sonoco Products (SON) Form 4: Rodger D. Fuller, Chief Operating Officer, acquired 39.9 dividend equivalent rights on restricted stock units on 09/10/2025 that will be settled in shares upon his retirement or other termination of service. The filing reports those dividend equivalents priced at $46.06 and shows 370.7 shares of Common Stock beneficially owned following the transaction as direct ownership. The transaction was reported by power of attorney on 09/11/2025. The entry indicates compensation-related settlement timing rather than an open-market purchase or sale.
- Officer received equity-linked compensation (39.9 dividend equivalent RSUs) that vests/settles on retirement or termination, which can align interests with shareholders
 - Timely reporting: transaction dated 09/10/2025 and reported by power of attorney on 09/11/2025, indicating procedural compliance
 
- None.
 
Insights
TL;DR: Officer received dividend-equivalent RSUs that vest/settle at termination, aligning long-term pay with shareholder outcomes.
The Form 4 documents receipt of 39.9 dividend-equivalent restricted stock units for COO Rodger D. Fuller, with settlement deferred until retirement or termination. This is a routine, compensation-related equity grant rather than a liquidity-driven insider trade. The filing notes a per-share reference of $46.06 and reports 370.7 shares beneficially owned after the transaction, showing modest insider exposure. For governance, deferred settlement ties pay to tenure and may modestly align executive incentives with long-term shareholder value.
TL;DR: Filing is procedural and compliant; transaction coded as acquisition of dividend equivalents tied to restricted stock.
The Form 4 shows acquisition code "A" for dividend equivalents on restricted stock units with explicit settlement conditions (retirement/termination). The report was timely (transaction 09/10/2025; POA signature 09/11/2025). There is no indication of market trading activity or Rule 10b5-1 plan designation in the disclosed text. From a compliance perspective, the form provides the required details about the nature and timing of settlement and the reporting officer’s direct ownership position.