Sonoco (SON) Sean Cairns Receives Award of 74.6 Share Equivalents

What Happened
Sean Cairns, President, Consumer Packaging EMEA/APAC at Sonoco Products Company, was granted dividend-equivalent rights equal to 74.6 shares (transaction code A) on 2026-09-10. The award is reported at $48.43 per share for a total economic value of about $3,613. This is a derivative award (dividend equivalents on restricted stock units), not an open-market purchase.

Key Details

• Transaction date: 2026-09-10; filing date: 2026-09-14 (filed two business days after the transaction; timely).
• Quantity and price: 74.6 share equivalents @ $48.43 each; total reported value ≈ $3,613.
• Nature: Derivative award — quarterly dividend-equivalent rights on Restricted Stock Units (RSUs) (see footnotes).
• Settlement: These dividend-equivalent rights will be settled upon the reporting person’s retirement or other termination of service (per the filing).
• Shares owned after transaction: not disclosed in the Form 4.

Context: The award represents dividend equivalents tied to RSUs (economic equivalents of common shares) and will be settled later; such awards are routine compensation components for executives and do not represent an immediate open-market buy or sell.