Florence John M 4

What Happened John M. Florence, Sonoco Products Company's General Counsel, Secretary and Vice President, was granted derivative equity awards on June 10, 2026. The filing reports two acquisitions (code A): 410.9 dividend-equivalent shares at $48.99 each (value $20,130) and 524 shares at $48.99 each (value $25,671), totaling 934.9 shares and about $45,801. These were awards/crediting of dividend equivalents and phantom stock-type units rather than open-market purchases.

Key Details

• Transaction date: 2026-06-10; filing date: 2026-06-12 (timely filing).
• Prices reported: $48.99 per share equivalent.
• Share counts/values: 410.9 shares ($20,130) and 524 shares ($25,671); total 934.9 shares (~$45,801).
• Shares owned after the transaction: not disclosed in the Form 4.
• Transaction type: A = Grant/award/acquisition (derivative awards), not a cash purchase or sale.
• Relevant footnotes from the filing:
  • F1/F2: Dividend equivalents on Restricted Stock Units are economically equivalent to common shares and will be settled upon retirement or other termination of service.
  • F3/F4: Phantom stock and officers' deferred compensation dividend credits are economically equivalent to common shares and will be settled upon the reporting person's retirement/termination.

Context These credits are compensation-related derivative awards (dividend equivalents and phantom stock) that provide economic exposure similar to shares but typically settle in shares or cash upon departure/retirement. Such awards are routine compensation actions and do not necessarily signal the insider buying or selling stock on the open market.