Florence John M 4

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.