SONOCO (SON) President James Harrell Receives 264.4 Dividend-Equivalent Units

What Happened

• James A. Harrell III, President, Global Industrial Paper Packaging at Sonoco Products Co. (SON), was granted 264.4 derivative units on 2026-09-10.
• The units are dividend-equivalent restricted stock units valued at $48.43 each, totaling approximately $12,805. This was an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-10; Price per unit: $48.43; Total value: ~$12,805.
• Shares owned after the transaction: Not disclosed in the Form 4.
• Nature of award: These are dividend equivalents on restricted stock units (RSUs) — each unit is the economic equivalent of one share but is a derivative right, not immediate common stock (see footnotes).
• Settlement: The dividend-equivalent RSUs will be settled upon the reporting person’s retirement or other termination of service (per filing footnote).
• Filing: Form 4 was filed on 2026-09-14, which is within the two-business-day SEC filing window following the 9/10 transaction (timely).

Context

• This was a routine compensation-related award of dividend equivalents on RSUs rather than a purchase or sale of common stock. Such grants are common as part of executive compensation and do not necessarily signal a change in insider sentiment.