Gandhi Aditya 4

What Happened

• Aditya Gandhi, Chief Accounting Officer of Sonoco Products Co. (SON), converted 374 derivative awards into common shares (reported as an exercise/conversion) on Feb 13, 2026. Per the filing, 374 shares were acquired at $0.00 (conversion of restricted stock units).
• To satisfy tax obligations, 134 of those shares were withheld/disposed at $51.67 each, generating $6,924. In a separate reported disposition the filing shows 374 shares disposed at $51.67 each, producing $19,325. The combined proceeds reported from the dispositions equal $26,249.
• The Form 4 was filed on Feb 17, 2026 (timely), so this appears to be a routine conversion/settlement and related share disposals rather than an open-market buy.

Key Details

• Transaction date: 2026-02-13; Filing date: 2026-02-17 (timely).
• Prices and amounts:
  • Converted/acquired: 374 shares at $0.00 (code M — exercise/conversion of derivative).
  • Tax withholding/disposed: 134 shares at $51.67 = $6,924 (code F).
  • Disposed (derivative): 374 shares at $51.67 = $19,325 (code M).
• Total reported proceeds from disposals: $26,249.
• Shares owned after the transactions: Not disclosed in the details you provided.
• Footnote: The restricted stock units vest 33% / 33% / 34% per year beginning one year from the grant date.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding).

Context

• This filing reflects the conversion/vesting of restricted stock units and share dispositions to cover taxes and/or sell shares (a common "sell-to-cover" or cashless settlement). Such routine withholding sales are standard for settling tax liabilities on vested awards and do not by themselves indicate the insider’s view of the company’s prospects.