Bonfig Jason J 4

What Happened
Jason J. Bonfig, Senior Executive Vice President, Customer Offerings, Fulfillment & Can, had two transactions reported. On March 20, 2026 he was granted 23,886 restricted shares (reported as an award, $0 cash consideration). On March 23, 2026 he disposed of 6,336 shares in an open-market sale at $64.02 per share, for proceeds of $405,624. The sale is reported as a disposition (generally neutral to mildly bearish if discretionary), while the grant is a compensation award (not a purchase).

Key Details

• Grant: 23,886 restricted shares on 2026-03-20; reported acquisition price $0 (award). Footnote F1: these restricted shares vest in three equal annual installments beginning one year from the grant date.
• Sale: 6,336 shares sold on 2026-03-23 at $64.02 each, proceeds $405,624. Footnote F3: the sale represents shares sold to cover tax withholding upon vesting and is not a discretionary transaction.
• Filing: Form 4 filed 2026-03-24 covering transactions on 3/20 and 3/23. The March 23 sale was filed the next day; the March 20 grant was reported four days later (may be later than the typical 2-business-day Form 4 reporting window).
• Shares owned after transaction: not specified in the provided excerpt.
• Other footnotes in the filing (F2, F4) reference dividend reinvestment and 401(k) plan adjustments exempt from Section 16 reporting; they do not change the characterization of the grant or sale.

Context
The 23,886-share award is restricted stock tied to future vesting (a compensation event rather than an immediate purchase). The 6,336-share sale is reported as tax-withholding related (per F3), which insiders commonly do when restricted awards vest — such sales are typically non-discretionary and not a signal of a change in the insider’s view on the company. Purchases (not present here) are generally more informative about insider conviction than routine sales or withholding transactions.