Haynes Ernest D III 4

What Happened Ernest D. Haynes III, President, Consumer Packaging Americas at Sonoco Products Co. (SON), was granted 73.2 restricted-stock dividend-equivalent units (reported as a derivative award) on 2026-03-10. The award is recorded at $53.29 per share, a total economic value of approximately $3,901. This was an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and filing: Grant dated 2026-03-10; Form 4 filed 2026-03-12 (appears timely).
• Quantity and value: 73.2 RSU dividend-equivalent units at $53.29 each; total ≈ $3,901.
• Transaction type: A = Award/Grant (derivative – dividend-equivalent restricted stock units).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes:
  • F1: Each dividend equivalent on these RSUs equals the economic equivalent of one share of Sonoco common stock.
  • F2: The quarterly dividend-equivalent rights will be settled upon the reporting person’s retirement or other termination of service.

Context This was a compensation-related award of dividend-equivalent units tied to restricted stock, not a market buy or sale. Such awards are routine for executive compensation and are settled later (here, upon retirement/termination), so they don’t necessarily indicate the insider’s near-term market view.