Cairns Sean 4

What Happened

• Sean Cairns, President, Consumer Packaging EMEA/APAC at Sonoco (SON), had restricted stock units (RSUs) convert to common stock on Feb 20–21, 2026. A total of 3,108 RSU-derived shares were converted (1,260 on 2/20 and 1,848 on 2/21) at a reporting price of $56.45.
• To satisfy tax withholding, 716 shares were withheld/disposed (290 on 2/20 and 426 on 2/21) valued at $16,371 and $24,048 respectively (total ~$40,419). The gross value of the converted shares was $175,447 and the net shares delivered were 2,392 (net value ≈ $135,028).
• Transaction codes: M = exercise/conversion of derivative (RSU conversion; acquired at $0.00), F = payment of tax liability via share withholding (disposition).

Key Details

• Transaction dates: Feb 20, 2026 (1,260 RSUs converted; 290 shares withheld) and Feb 21, 2026 (1,848 RSUs converted; 426 shares withheld).
• Price used for valuation / withholding: $56.45 per share.
• Shares owned after the transactions: Not stated in the Form 4 filing.
• Footnotes: F1 — each restricted stock unit (RSU) equals the right to one share; F2 — these RSUs vest in three annual installments (33%, 33%, 34%) beginning one year after grant.
• Filing: Form 4 filed Feb 24, 2026. No late-filing indication shown in the filing.

Context

• This was an RSU conversion with share withholding to cover taxes (a routine cashless-type settlement), not an open-market sale for diversification or investment. Withholding of shares for taxes is common and does not necessarily signal the insider is selling shares for other reasons.
• For retail investors: purchases are usually stronger signals than routine vesting/withholding events. This filing documents compensation-related vesting and tax withholding rather than a discretionary sale or buy.