Wood Adam 4

What Happened Adam Wood, Vice President — Paper Products Europe at Sonoco Products Company (SON), received stock awards on February 19, 2026 and had shares withheld to cover taxes. The filing shows a grant of 1,216 restricted stock units (RSUs) with a grant-date value of $43.64 each (total ~$53,066) and two additional RSU grants of 1,924 and 359 units reported at $0.00 (derivative awards). To satisfy the tax withholding obligation, 572 shares were disposed (withheld) at $43.64 each, about $24,962.

Key Details

• Transaction date: February 19, 2026 (Form 4 filed February 23, 2026 — within the 2-business-day filing window).
• Awards granted: 1,216 RSUs @ $43.64 (grant value ~$53,066) plus 1,924 RSUs and 359 RSUs reported as derivative awards at $0.00.
• Tax withholding: 572 shares withheld/disposed @ $43.64 (~$24,962) (transaction code F = payment of exercise price or tax liability).
• Total RSUs reported on the form: 3,499 units (1,216 + 1,924 + 359).
• Shares owned after the transaction: Not disclosed in this filing.
• Relevant footnotes:
  • F1: Each RSU represents a contingent right to receive one common share.
  • F2: RSUs vest in three annual installments (33%, 33%, 34%) beginning one year from grant.
  • F3/F4: Certain RSUs vest/did vest on 07/08/2023 and payouts may be deferred; vested shares are paid six months following retirement or termination.

Context

• These were stock awards (RSUs), not open-market purchases; awards are compensation-related and do not necessarily signal a market buy by the insider.
• The 572-share disposition was a tax-withholding event (routine) to satisfy tax liabilities arising from the awards.
• The RSUs are derivative awards that convert to common shares according to the vesting schedule and any deferral provisions described in the footnotes.