Wood Adam

Wood Adam, vice president of paper products for Europe at Sonoco Products (SON), has filed 43 Form 4 transactions over the past year, all in a single company. The pattern is overwhelmingly one of compensation-driven accumulation rather than discretionary buying or selling. Across all filings, Adam has acquired roughly $760,600 in shares, almost entirely through grants and awards (code A) and option exercises (code M), while disposing of just $48,356 in value. Notably, there are zero open-market purchases (code P) and zero open-market sales (code S) in the record, meaning Adam has not used personal capital to buy SON stock nor cashed out on the open market during the period. The most recent activity, spanning June 2026 back to February 2025, shows a steady cadence of quarterly equity awards. For example, Adam received grants on June 10, 2026 ($8,250), March 10, 2026 ($8,015 twice), and December 12, 2025 ($7,728 twice), alongside earlier awards in September and June 2025. The largest single acquisition came on February 21, 2025, when a grant valued at $299,157 was recorded, followed by a tax-withholding disposition (code F) of $140,639 on the same date—a standard mechanism where shares are surrendered to cover withholding obligations. Smaller tax-related sales (code F) also appear on February 19, 2026 ($24,962) and February 13, 2026 ($15,449), while a sale back to the issuer (code D) of $17,725 occurred on February 20, 2026. The overall direction is neutral-to-accretive in terms of share count, but it is not a signal of conviction buying. Adam’s net position grows primarily through scheduled compensation, with the only cash-generating events being automatic tax withholdings and a minor issuer buyback. The absence of open-market trades suggests a passive, programmatic approach to equity holdings rather than an active bet on SON’s near-term price. For investors tracking insider behavior, this is a textbook example of an executive whose Form 4 history reflects corporate pay structure, not market timing.