Harrell James A. III 4

What Happened

• James A. Harrell III, President, Global Industrial Paper Packaging at Sonoco (SON), exercised stock options to acquire 112 shares and immediately disposed of shares: 92 shares were surrendered/withheld to cover tax liabilities and 20 shares were sold in the open market.
• Exercise cost shown: 112 shares @ $40.41 = $4,526 (amount paid to exercise). Open-market sale: 20 shares @ $57.84 = $1,157. Tax withholding: 92 shares valued at @ $57.99 = $5,335. The filing also shows the derivative (option) converted/disposed in the exercise.

Key Details

• Transaction date: 2026-02-19.
• Exercise: 112 shares (code M) at $40.41, total exercise cost $4,526.
• Open-market sale: 20 shares (code S) at $57.84, proceeds $1,157.
• Tax withholding: 92 shares (code F) valued at $57.99, $5,335 withheld.
• Derivative conversion: 112-option shares converted to common stock (reported as disposed at $0 for the derivative line).
• Shares owned after the transaction: not specified in the provided filing summary.
• No late-filing flag indicated in this report.

Context

• This was an option exercise with immediate dispositions — a common "cashless" pattern where some shares are sold or withheld to cover taxes and costs rather than a straightforward market purchase or directional investment. Such activity reflects option settlement and tax withholding rather than a clear bullish or bearish trade signal.