Coker R. Howard 4

What Happened

• Coker R. Howard, President & CEO of Sonoco Products Co. (SON), was granted equity awards and also had shares withheld to cover taxes. On 2026-02-19 he acquired 31,196 shares reported at $43.64 each (total value $1,361,393). The filing also shows grants of 52,318 RSUs and 1,231 RSUs (reported as derivative awards at $0.00), and two withholding dispositions: 14,148 shares @ $43.64 (disposed for $617,419) and 42 shares @ $56.07 (disposed for $2,355) to satisfy tax obligations.

Key Details

• Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (appears timely within the two-business-day requirement).
• Acquisitions: 31,196 shares @ $43.64 (reported value $1,361,393); RSU grants of 52,318 and 1,231 units (derivative awards reported at $0.00).
• Dispositions (tax withholding): 14,148 shares @ $43.64 = $617,419; 42 shares @ $56.07 = $2,355.
• Shares owned after transaction: not specified in the provided filing data.
• Notable footnotes:
  • F1/F4: Each RSU = right to one common share; some shares were cashed out to cover withholding taxes.
  • F2: RSUs vest in three annual installments (33%, 33%, 34%) beginning one year from grant.
  • F3/F5: RSUs are deferred; vested shares are paid six months following retirement or termination.
• Transaction codes: A = Award/Grant, F = Payment of exercise price or tax liability (share withholding/cashout).

Context

• These were RSU awards and share transfers to satisfy tax withholding—common routine insider activity tied to compensation, not an open-market purchase or sale indicating active trading sentiment.
• The RSU grants are derivative awards (not option exercises); vesting is multi-year and some payouts are deferred, meaning full economic benefit is subject to future vesting and potential post-employment payout timing.