Form 4: Director Blythe J. McGarvie Reports Acquisition of Sonoco Products Co. Phantom Stock Units

Blythe J. McGarvie, a director of Sonoco Products Co., acquired 220.7 phantom stock units through a quarterly dividend reinvestment.

Summary

• On June 10, 2024, Blythe J. McGarvie, a director of Sonoco Products Co., acquired 220.7 phantom stock units.
• The acquisition was part of a quarterly dividend reinvestment within the directors' deferred compensation plan.
• The price per phantom stock unit was $59.16.
• Following the transaction, McGarvie directly owns 25,328.1 phantom stock units.
• These units are the economic equivalent of Sonoco Products Company common stock and will be settled upon retirement or termination of service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through a standard compensation mechanism.

Positives

• The acquisition of phantom stock units through dividend reinvestment demonstrates the director's continued investment in the company's future.

Future Outlook

The phantom stock units will be settled upon the reporting person's retirement or other termination of service.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's holdings in the company.

Key Dates