Haynes Ernest D III 4

What Happened

• Ernest D. Haynes III, President, Consumer Packaging Americas at Sonoco (SON), exercised company derivative awards and sold shares. The Form 4 shows an exercise/conversion of 958 shares (derivative code M).
• Following the exercise, 476 shares were disposed (tax withholding) at $51.67/share for $24,595 (code F). Separately the filing reports 958 shares disposed at $51.67/share for proceeds of $49,500 (reported as a derivative transaction).
• Overall this was an exercise-plus-sale (cashless-style) and tax-withholding transaction — a routine liquidity event rather than an outright open-market purchase.

Key Details

• Transaction date: 2026-02-13; Form 4 filed 2026-02-17 (appears timely).
• Prices and values: shares reported disposed at $51.67; withholding 476 shares = $24,595; sale proceeds reported as $49,500 for 958 shares.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (withholding).
• Shares owned after the transaction: not specified in the filing excerpt.
• Footnote: RSUs referenced in the filing vest beginning one year from grant in three annual installments (33%, 33%, 34%).

Context

• For retail investors: this looks like an option/derivative exercise with immediate disposition of shares and withholding to cover taxes — a common executive liquidity action that doesn't necessarily signal a view on company prospects.
• Derivative code M indicates options/other convertible awards were exercised; code F indicates shares were surrendered/withheld to satisfy tax obligations.