Cairns Sean 4/A

What Happened
Sean Cairns, President, Consumer Packaging EMEA/APAC at Sonoco Products Co. (SON), reported two Form 4 derivative entries dated May 1, 2026, that record payment of tax liabilities related to restricted stock units (transaction code F). Both entries show 0 shares disposed at a per-share reference price of $50.06, resulting in $0 withheld — i.e., no shares were surrendered to cover taxes.

Key Details

• Transaction date: 2026-05-01; Amended Form 4 filed: 2026-06-12 (this filing is an amendment and was filed after the transaction date).
• Reported price reference: $50.06 per share; reported shares affected: 0; reported value withheld: $0.
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes indicate these entries relate to restricted stock units and dividend equivalents, with automatic deferral and taxes deferred until receipt (see notes F1–F6: RSUs are contingent rights to one share, dividend equivalents are economic equivalents of shares, vested/deferred shares paid six months after separation, and taxes are deferred until payout).
• Transaction code F denotes payment of an exercise price or tax liability; here it reflects tax withholding mechanics, not a market sale or purchase.

Context
These entries reflect administrative tax-withholding treatment for RSUs/dividend equivalents rather than a buy or sell decision by the insider. Because zero shares were withheld, there was no transfer of shares or cash value reported. The amendment filing on June 12, 2026 — covering a May 1 transaction — was submitted after the typical two-business-day Form 4 deadline, which is why the filing is marked as amended/late; this is an update to the public record rather than evidence of trading intent.