Florence John M 4

4 · SONOCO PRODUCTS CO · Filed Feb 23, 2026

AI-generated summary of this filing

Updated Feb 23, 2026

Sonoco (SON) GC John M. Florence Receives Awards; 156 Shares Withheld

What Happened

John M. Florence, General Counsel, Secretary and Vice President of Sonoco Products Co. (SON), received several equity-based awards on 2026-02-19. The filing shows derivative awards: 4,588 phantom/performance shares at $43.64 each (valued at $200,220) and 9,233 performance/RSU-type shares at $56.07 each (valued at $517,694). In addition, 480 restricted stock units were recorded at $0.00. To satisfy tax withholding, 156 shares were disposed/cashed out at $56.07 each for $8,747.
These were award/acquisition-type (derivative) transactions — not open-market purchases or tips to sell. The 156-share disposition was a tax withholding action (routine), not a market sale to take profits.

Key Details

Transaction date: 2026-02-19; filing date: 2026-02-23 (timely filed within the required reporting window).
Awards recorded: 4,588 shares @ $43.64 = $200,220; 9,233 shares @ $56.07 = $517,694; 480 RSUs @ $0.00 = $0. Total award value shown ≈ $717,914. Tax withholding: 156 shares @ $56.07 = $8,747 (disposed/cashed out).
Shares owned after the transaction: not disclosed in the filing.
Relevant footnotes in the filing:
- Phantom stock/performance shares are economic equivalents to common stock (cash-settled/derivative) and some performance shares vested but payment is deferred (paid six months after termination).
- The 156-share disposition was a cash-out to cover withholding taxes.
- Restricted stock units represent contingent rights to receive common shares and include multi-year vesting schedules and deferred payment provisions.
Transaction codes: A = award/acquisition of derivative/RSU-type awards; F = tax withholding/disposition.

Context

These transactions reflect grants of deferred/phantom/performance awards (derivatives/RSUs) rather than an outright purchase of stock; the small disposition was solely for tax withholding and is routine. Awards signal compensation/long-term incentives but do not by themselves indicate immediate insider buying or selling sentiment.

Form 4

Period: 2026-02-19

Gnl Council, Secy, VP

Transactions

Award
Phantom Stock Units
[F1][F2]
2026-02-19$43.64/sh+4,588$200,220→ 47,203.9 total
Exercise: $0.00→ Common Stock (4,588 underlying)
Tax Payment
Phantom Stock Units
[F1][F3]
2026-02-19$56.07/sh−156$8,747→ 47,047.9 total
Exercise: $0.00→ Common Stock (156 underlying)
Award
Restricted Stock Units
[F4][F5]
2026-02-19$56.07/sh+9,233$517,694→ 9,233 total
Exercise: $0.00From: 2027-02-19→ Common Stock (9,233 underlying)
Award
Restricted Stock Units II
[F4][F6][F7]
2026-02-19+480→ 3,082 total
Exercise: $0.00→ Common Stock (480 underlying)

Footnotes (7)

[F1]Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
[F2]Represents performance shares which have vested but receipt of which has been deferred until six months after termination of service.
[F3]Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock. The shares were cashed out to account for withholding taxes.
[F4]Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock.
[F5]The restricted stock units vest beginning one year from date of grant in three annual installments of 33%, 33% and 34%.
[F6]The restricted stock units vest on 12/17/2033 and defer. Vested shares will be paid to the reporting person six months following retirement or termination of service.
[F7]Vested shares will be paid to the reporting person six months following retirement or termination of service.

Signature

By:Elizabeth R Kremer - Power of Attorney for John M. Florence|2026-02-23

1 file