Sonoco (SON) GC John M. Florence Receives 956-Share Award

What Happened

• John M. Florence, General Counsel, Secretary and Vice President of Sonoco Products Company (SON), was granted two award entries on 2026-09-10 totaling 956.2 derivative shares (420.4 and 535.8) at an accounting price of $48.43 per share, with a combined value of about $46,309. These were recorded as "A" (Grant/award/other acquisition) and classified as derivative securities (not immediate common stock).

Key Details

• Transaction date: 2026-09-10; Filing date (Form 4): 2026-09-14 (filed within the SEC's two-business-day window).
• Amounts: 420.4 shares @ $48.43 = $20,360; 535.8 shares @ $48.43 = $25,949; total 956.2 shares ≈ $46,309.
• Transaction code: A = Award/Grant; Derivative instrument (not an open-market purchase).
• Shares owned after the transaction: not specified in the filing.
• Footnotes summary:
  • Dividend equivalents on Restricted Stock units (each equivalent to one share) and quarterly dividend equivalent rights were acquired and will be settled upon the reporting person's retirement or other termination of service (F1, F2).
  • Some awards are phantom stock or dividend credits under the officers' deferred compensation plan and likewise settle later (F3, F4).

Context

• These entries represent award/dividend-equivalent accruals tied to restricted stock or deferred-compensation plans — they are economic equivalents to shares but are typically settled in cash or stock upon retirement/termination, not immediate common-stock transfers or open-market purchases. Such awards are common compensation mechanics and should be interpreted as routine grant/compensation activity rather than a direct buy or sell signal.