Cairns Sean 4

What Happened

• Sean Cairns, President, Consumer Packaging EMEA/APAC at Sonoco Products Company, received multiple stock awards on 2026-02-19. The filing shows:
  • 1,835 shares granted at $43.64 each — $80,079 (acquisition, code A)
  • 9,233 restricted stock units (RSUs) reported at $56.07 each — $517,694 (acquisition, derivative, code A)
  • 432 RSUs reported at $0.00 — $0 (acquisition, derivative, code A)
  • 423 shares were surrendered/withheld to cover tax withholding at $43.64 — $18,460 (disposition, code F)
• These are company compensation awards (RSUs), not open-market purchases or sales; the only shares disposed were withheld to cover taxes.

Key Details

• Transaction date: February 19, 2026; Filing date (Form 4): February 23, 2026 (appears timely).
• Prices and values: 1,835 @ $43.64 = $80,079; 9,233 @ $56.07 = $517,694; 423 shares withheld @ $43.64 = $18,460.
• Shares owned after the transactions: not stated in the provided filing details.
• Footnotes of note:
  • F1: Each RSU represents a contingent right to receive one share of Sonoco common stock.
  • F2: Some RSUs vest beginning one year from grant in three annual installments (33%, 33%, 34%).
  • F3: Some RSUs vest on 05/01/2026 and are deferred; vested shares are paid six months following retirement or termination.
• Transaction codes: A = award/grant/acquisition; F = payment of exercise price or tax liability (here, withholding).

Context

• These awards are restricted stock units (RSUs), not option exercises. RSUs become actual shares only as they vest per the schedules above; except for the tax-withholding, no immediate open-market sale of newly acquired shares is reported.
• Withholding shares for taxes (code F) is a routine part of award settlements and does not necessarily indicate selling for investment reasons.
• Awards to officers are typically part of compensation and should be interpreted as such rather than as a direct endorsement of the stock price.