John M. Florence - Feb 20, 2025 Form 4 Insider Report for SONOCO PRODUCTS CO (SON)

Role
Gnl Council, Secy, VP
Signature
By:Elizabeth R Kremer - Power of Attorney for John M. Florence
Stock symbol
SON
Transactions as of
Feb 20, 2025
Transactions value $
$1,092,196
Form type
4
Date filed
2/24/2025, 04:08 PM
Previous filing
Feb 18, 2025
Next filing
Feb 25, 2025
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SON Restricted Stock Units Tax liability -$3.61K -78 -1.02% $46.24 7.56K Feb 20, 2025 Common Stock 78 $0.00 Direct F1, F2
transaction SON Phantom Stock Units Award $1.13M +23.1K +126.38% $48.85 41.4K Feb 21, 2025 Common Stock 23.1K $0.00 Direct F3, F4
transaction SON Phantom Stock Units Tax liability -$32.8K -701 -1.69% $46.83 40.7K Feb 21, 2025 Common Stock 701 $0.00 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock.
F2 The restricted stock units vest 33%, 33%, 34% per year beginning one year from date of grant. Vested shares will be paid to the reporting person six months following retirement or termination of service.
F3 Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
F4 Represents performance shares which have vested but receipt of which has been deferred until six months after termination of service.
F5 Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock. The shares were cashed out to account for withholding taxes.