Harrell James A. III 4

What Happened
James A. Harrell III, President, Global Industrial Paper Packaging at Sonoco Products Co. (SON), was granted and settled restricted stock units (RSUs) on 2026-02-19. The filing shows 3,556 shares were acquired at a reported value of $43.64 each (total $155,184). To cover tax withholding, 1,080 of those shares (at $43.64) plus an additional 18 shares (at $56.07) were surrendered — leaving 2,458 net shares delivered to Harrell. In addition, Harrell received derivative RSU awards of 9,233 and 494 units (reported at $0.00 because they are not yet settled shares).

Key Details

• Transaction date: February 19, 2026. Filing date: February 23, 2026 (filed 4 days after the transaction; Form 4s are generally due within two business days).
• Shares acquired/awarded: 3,556 shares issued (valued at $43.64 each; $155,184 total).
• Shares withheld for taxes: 1,080 shares @ $43.64 ($47,131) and 18 shares @ $56.07 ($1,009). Net shares delivered after withholding: 2,458.
• Additional derivative awards: 9,233 RSUs and 494 RSUs reported as derivative securities (no immediate cash value).
• Footnotes: RSUs represent a contingent right to one share and generally vest over time (vesting schedule noted: begins one year from grant and vests in three annual installments of 33%/33%/34%). Some vested shares may be deferred and paid six months following retirement/termination. Withheld shares were used to satisfy tax obligations (share surrender/cash-out).
• Shares owned after the transactions: not specified in the filing.

Context and what this means for investors

• These transactions are primarily awards/settlement of RSUs with shares withheld to cover taxes (tax-withholding is common and reported under code F). This is not an open-market purchase or sale signaling immediate trading intent.
• The larger new RSU grants (9,233 and 494 units) are derivative awards that will convert to shares only upon vesting per the stated schedule.
• The filing appears to have been submitted several days after the transaction date; investors who monitor insider timing should note the possible late filing.