Haynes Ernest D III 4

What Happened
Ernest D. Haynes III, President, Consumer Packaging Americas at Sonoco Products Co. (SON), received equity awards on 2026-02-19. The filing shows 1,835 shares acquired at $43.64 each (total value $80,079) and two restricted stock unit (RSU) grants totaling 9,671 RSUs (9,233 and 438 units) reported as derivative awards with $0 immediate cash value. To cover tax withholding, 814 shares were surrendered/withheld at $43.64 each (proceeds/withheld value $35,523). The primary activity is receipt of compensation awards; the withheld shares reflect routine tax withholding rather than a market sale decision.

Key Details

• Transaction date: 2026-02-19. Form filed: 2026-02-23 (timely within standard 2 business days).
• Share acquisition: 1,835 shares at $43.64 each = $80,079.
• Tax withholding: 814 shares withheld at $43.64 each = $35,523 (reported as disposition code F).
• RSU grants: 9,233 and 438 restricted stock units (derivative awards, $0 immediate value).
• Shares owned after transaction: not specified in the supplied filing excerpt.
• Relevant footnotes:
  • Each RSU converts to one share when paid (F1).
  • RSUs generally vest beginning one year from grant in three annual installments (33%, 33%, 34%) (F2).
  • Some RSUs vest on 12/20/2027 and are deferred; vested shares are paid six months after retirement/termination (F3, F4).

Context
RSUs are compensation awards (contingent rights to future shares) and do not represent an open-market purchase or a signal of immediate buying. The 814-share disposition is a common tax-withholding mechanism and should not be interpreted as a voluntary sale for investment reasons. No option exercises or open-market trades were reported in this filing.