Florence John M 4

What Happened
John M. Florence, General Counsel, Secretary and Vice President of Sonoco Products Company (SON), received two derivative equity awards on 2026-03-10: 367.2 units valued at $53.29 each (≈ $19,568) and 468 units at $53.29 each (≈ $24,940), for a total economic value of about $44,508. The transactions are reported as awards/grants (code A) and are described as derivative instruments (dividend equivalents on restricted stock units and phantom stock).

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-11 (timely — Form 4s are typically due within 2 business days).
• Grants: 367.2 units @ $53.29 (≈ $19,568) and 468 units @ $53.29 (≈ $24,940); total ≈ 835.2 units, total value ≈ $44,508.
• Transaction type: A = Award/Grant (derivative awards / dividend equivalents).
• Footnotes in filing indicate: dividend equivalents on Restricted Stock Units (RSUs) and phantom stock from the officers' deferred compensation plan; these are economic equivalents to common shares and will be settled upon retirement or other termination of service.
• Shares owned after the transaction: not specified in the provided data.
• No indication of open-market purchase or sale — this is compensation-related, not a direct stock purchase.

Context
These awards are derivative compensation (dividend equivalents on RSUs and phantom stock) that represent the economic equivalent of common shares and typically vest or settle under employment/retirement rules. Such grants reflect routine executive compensation rather than an immediate market purchase or sale; they do not by themselves indicate a trading signal.