Joachimczyk Paul 4

What Happened Paul Joachimczyk, Chief Financial Officer of Sonoco Products Company (SON), received two awards of restricted stock units (RSUs) on Feb 19, 2026: 15,388 RSUs and 308 RSUs (total 15,696 RSUs). The grants are recorded as derivative awards at $0.00 per unit (i.e., RSUs — contingent rights to company shares upon vesting), so there was no cash purchase or sale.

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (timely filing).
• Award type/code: A (grant/award of RSUs); reported price: $0.00 (derivative).
• Total RSUs granted: 15,696 (15,388 + 308).
• Shares owned after transaction: not specified in the filing.
• Footnotes from the filing:
  • F1: Each RSU represents a contingent right to one share of Sonoco common stock.
  • F2: Vesting begins one year from grant and occurs in three annual installments (33%, 33%, 34%).
  • F3: Vested RSUs are immediately deferred; vested shares will be paid six months following retirement or termination of service.

Context This was a compensatory equity award (not a market purchase or sale). RSUs convert to actual shares only as they vest under the stated schedule and are subject to a post-vesting deferral, which delays receipt of shares until six months after termination/retirement. Such awards are common for executive pay and do not, by themselves, indicate a buy/sell signal.