Cairns Sean 4

What Happened

• Sean Cairns, President, Consumer Packaging EMEA/APAC for Sonoco Products Co. (SON), was credited with 72.9 shares as a grant/award (transaction code A) on 2026-06-10. The reported per-share value was $48.99, for a total economic value of approximately $3,571.
• This was not an open-market purchase or a sale; the transaction reflects dividend-equivalent rights tied to restricted stock units (a derivative award), not a cash purchase of shares.

Key Details

• Transaction date: 2026-06-10; Report filed: 2026-06-12 (timely).
• Amount: 72.9 shares at $48.99 each; total value ≈ $3,571.
• Transaction type: A (award/grant) — derivative dividend-equivalent rights on RSUs.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: F1 — each dividend equivalent is the economic equivalent of one common share; F2 — these quarterly dividend equivalent rights on RSUs will be settled upon the reporting person’s retirement or other termination of service.

Context

• Dividend-equivalent awards are routine compensation adjustments and do not necessarily signal buying or selling intent. They represent the economic value of dividends on restricted stock units and are typically payable or converted to shares upon vesting/termination as described.