Joachimczyk Paul 4

What Happened

• Paul Joachimczyk, Chief Financial Officer of Sonoco Products Co. (SON), was granted a derivative award on 2026-03-10 consisting of 26.5 dividend-equivalent restricted stock units (RSUs) valued at $53.29 each, totaling $1,412. The transaction is reported as an acquisition (Code A) of derivative securities (dividend equivalents tied to RSUs), not an open-market purchase.

Key Details

• Transaction date and price: 2026-03-10; 26.5 units at $53.29 each; total value $1,412.
• Transaction type/code: Award/Grant (A) — derivative (dividend equivalents on RSUs).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 — each dividend equivalent equals the economic equivalent of one share of Sonoco common stock; F2 — these are quarterly dividend-equivalent rights on Restricted Stock that will be settled upon the reporting person's retirement or other termination of service.
• Filing timeliness: Reported period 2026-03-10, Form 4 filed 2026-03-11 — appears timely.

Context

• These are dividend-equivalent rights on RSUs (a derivative award) that do not represent immediate open-market purchases of common stock and will be settled upon retirement or termination. The value is modest (~$1.4k) and is typically part of routine executive compensation rather than a direct market signal.