Harrell James A. III 4

What Happened

James A. Harrell III, President, Global Industrial Paper Packaging at Sonoco Products Co. (SON), was granted 258.5 restricted stock units (reported as derivative acquisition) on June 10, 2026. The filing values the award at $48.99 per share, for a total economic value of about $12,664. This was an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: June 10, 2026; 258.5 units @ $48.99 each (total ~$12,664).
• Transaction type: Award/grant of restricted stock units (derivative).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes:
  • F1 — Each dividend equivalent equals one share of Sonoco common stock.
  • F2 — Dividend-equivalent rights on these RSUs were acquired quarterly and will be settled upon the reporting person's retirement or other termination of service.
• Filing timeliness: Reported on Form 4 filed June 12, 2026 (covers the June 10 transaction), which appears to be within the standard two-business-day reporting window.

Context

This was a compensation-related RSU grant (derivative award) rather than a market buy or sale. Such awards are common as part of executive pay and include dividend-equivalent rights that will be settled later (per footnotes). Awards do not necessarily signal immediate buying interest in the open market; they reflect company compensation practices.