Cheatham Jerry A 4

What Happened

• Jerry A. Cheatham, Interim Chief Financial Officer of Sonoco Products Company (SON), converted restricted stock units into 180 shares on Feb 13, 2026 (reported as an exercise/conversion of a derivative, code M). Those 180 shares were recorded as acquired at $0.00. The filing also shows dispositions: 180 shares disposed at $51.67 each (gross proceeds ~$9,301) and 65 shares disposed to satisfy tax withholding at $51.67 each (withholding value ~$3,359). Overall, the filings indicate RSU conversion with shares sold and shares surrendered for taxes rather than an outright cash purchase.

Key Details

• Transaction date: February 13, 2026.
• Conversions/Exercised: 180 shares acquired at $0.00 (code M).
• Dispositions: 180 shares disposed at $51.67 ($9,301) and 65 shares disposed for tax withholding at $51.67 ($3,359) (code F).
• Footnotes: F1 — each restricted stock unit (RSU) equals a right to one common share; F2 — RSUs vest beginning one year from grant in three annual installments (33%/33%/34%).
• Shares owned after transaction: Not stated in the provided report.
• Filing date: Form 4 filed Feb 17, 2026 (four days after the transaction). This appears to be within the normal SEC Form 4 filing window given the Feb 16 federal holiday, but check the official filing for timeliness flags.

Context

• This pattern (RSU conversion followed by share dispositions and tax-withholding) is commonly a routine settlement of vested equity awards rather than a directional trade signal. The filing shows shares were converted and some shares were disposed — the withheld shares covered tax obligations. For derivative entries, code M denotes exercise or conversion; code F denotes shares withheld to pay tax liabilities.