Fuller Rodger D

Fuller Rodger D, chief operating officer at Sonoco Products (SON), has filed 44 Form 4 transactions over the past year, but the pattern is dominated by compensation mechanics rather than discretionary trading. Across all filings, there are zero open-market purchases and zero open-market sales. The entire activity consists of automatic equity grants (code A), option exercises (code M), and shares withheld to cover taxes (code F), with total acquired value of roughly $4.49 million. The most significant event came on February 21, 2025, when Fuller received a restricted stock award valued at approximately $2.09 million, offset by a tax-withholding transaction of about $910,000 on the same day. A smaller grant of $400,397 followed on February 19, 2026, alongside a $132,927 tax withholding. These large annual awards are typical of executive compensation cycles, while the quarterly grants of $1,800–$2,300 reflect routine director or officer retainers. The option exercises in February 2026 were recorded at zero value, indicating they were likely exercises of previously vested options with no intrinsic gain at the time. The absence of any P or S codes is telling: Fuller has not expressed a market view on SON stock through open-market activity. The F transactions, which totaled roughly $1.44 million across 2025 and early 2026, are automatic dispositions to cover tax obligations and carry no directional signal. Overall, the filing history reflects a compensation-driven pattern—accumulation through grants and exercises, with no voluntary buying or selling—consistent with an executive whose equity position is managed through scheduled corporate actions rather than personal market timing.