R. Howard Coker - Feb 20, 2024 Form 4 Insider Report for SONOCO PRODUCTS CO (SON)

Role
President & CEO
Signature
By: Elizabeth R. Kremer - Power of Attorney for R. Howard Coker
Stock symbol
SON
Transactions as of
Feb 20, 2024
Transactions value $
$2,746,002
Form type
4
Date filed
2/22/2024, 07:45 PM
Previous filing
Feb 15, 2024
Next filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SON Common Stock Award $4.79M +85.8K +30.12% $55.87 371K Feb 20, 2024 Direct
transaction SON Common Stock Tax liability -$2.05M -36.6K -9.88% $55.87 334K Feb 20, 2024 Direct
holding SON Common Stock 17.9K Feb 20, 2024 By Spouse
holding SON Common Stock 3.6K Feb 20, 2024 By Spouse and Daughter Joint
holding SON Common Stock 7.38K Feb 20, 2024 by trust for son
holding SON Common Stock 8.58K Feb 20, 2024 trust for daughter 1
holding SON Common Stock 8.87K Feb 20, 2024 trust for daughter 2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SON Restricted Stock Units Award $0 +51.9K $0.00 51.9K Feb 20, 2024 Common Stock 51.9K $0.00 Direct F1, F2
transaction SON Restricted Stock Units II Award $0 +530 +7.03% $0.00 8.07K Feb 20, 2024 Common Stock 530 $0.00 Direct F1, F3, F4
transaction SON Restricted Stock Units II Tax liability -$1.07K -19 -0.24% $56.31 8.05K Feb 20, 2024 Common Stock 19 $0.00 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 and defer. Vested shares will be paid to the reporting person six months following retirement or termination of service.
F4 The restricted stock units vest on 4/30/2017. Vested shares will be paid to the reporting person six months following retirement or termination of service.