Cairns Sean 4

What Happened

• Sean Cairns, President of Consumer Packaging EMEA/APAC at Sonoco Products Co. (SON), was credited with 65.2 dividend-equivalent restricted stock units (RSU dividend equivalents) on March 10, 2026. The filing reports an acquisition (transaction code A) valued at $53.29 per share, totaling about $3,475. This was an award/credit of derivative rights rather than an open-market purchase of common stock.

Key Details

• Transaction date: 2026-03-10; Filing date: 2026-03-11 (timely).
• Transaction type: A = Award/Grant; derivative acquisition (dividend-equivalent rights on RSUs).
• Amount: 65.2 dividend-equivalent units @ $53.29 each; reported total ≈ $3,475.
• Shares owned after transaction: not specified in the filing.
• Footnotes: (1) Each dividend equivalent equals the economic value of one share of Sonoco common stock. (2) These quarterly dividend-equivalent rights will be settled upon the reporting person’s retirement or other termination of service.

Context

• These are derivative dividend-equivalent credits tied to RSUs and are typically settled later (here, on retirement or termination), so they are not immediately tradable shares.
• Small, routine award — useful to note for transparency but not a large material insider purchase or sale.