Coker R. Howard 4

What Happened

• Coker R. Howard, President & CEO of Sonoco Products Co., converted/exercised 16,274 derivative units (reported as M) on 2026-02-13. The filing shows a disposition of those shares at $51.67 per share for $840,878. Separately, 5,021 shares were surrendered/withheld to satisfy tax withholding (code F) valued at $259,435.
• These transactions reflect a conversion of equity awards (likely restricted stock units) with an immediate disposition of shares. This is a sale (routine liquidity/tax withholding) rather than a purchase.

Key Details

• Transaction date: February 13, 2026. Filing date: February 17, 2026 (appears timely).
• Prices and values reported: sale/disposition at $51.67/sh totaling $840,878; tax withholding of 5,021 shares valued at $259,435.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (shares withheld to cover taxes).
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• Footnote: the underlying awards are restricted stock units that vest 33% / 33% / 34% per year beginning one year from the grant date (F1).

Context

• For retail investors: this looks like a routine conversion of equity awards where shares were converted and then sold or withheld to cover tax obligations (a common post-vesting action). Sales and withholdings tied to vesting/exercise are not generally interpreted as a directional vote on company prospects.
• Purchases are typically more informative of insider bullishness; this filing documents a disposition/withholding following vesting/exercise.