Joachimczyk Paul 4

What Happened

• Paul Joachimczyk, Chief Financial Officer of Sonoco Products Co. (SON), exercised options and disposed of shares on 2026-06-30.
• He exercised/converting 8,348 derivative shares at an exercise price reported as $0.00 (code M). Immediately after, 8,348 shares were sold at $56.35 each for proceeds of $470,410, and 2,534 shares were surrendered/withheld to cover tax withholding (code F) valued at $142,791. The combined value of shares sold or withheld is $613,201.
• This activity is an exercise of options with an immediate sale of shares (a cashless/same-day disposition) rather than an outright purchase.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (appears timely).
• Prices: exercise price $0.00; sale/withholding price $56.35 per share.
• Shares reported acquired by exercise: 8,348. Shares disposed: 8,348 sold + 2,534 withheld for taxes.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Codes: M = exercised/conversion of derivative; F = payment of exercise price or tax liability (tax withholding).

Context

• For retail investors: this is a common pattern where an executive exercises options and immediately sells shares to cover taxes and/or take proceeds; it does not necessarily indicate a change in long-term sentiment.
• The filing shows a cashless-like exercise (option exercise followed by immediate dispositions). The F-code indicates shares were withheld to satisfy tax obligations rather than a cash payment.