Form 4: Director Davies Reports Acquisition of Phantom Stock Units in Sonoco Products Co

Pamela Lewis Davies, a director of Sonoco Products Co, reported the acquisition of phantom stock units under the company's directors deferred compensation plan.

Summary

• On April 1, 2025, Pamela Lewis Davies, a director of Sonoco Products Co, acquired 756.3 phantom stock units.
• The acquisition was made under the Sonoco Products Company directors deferred compensation plan.
• Each phantom stock unit is equivalent to one share of Sonoco Products Company common stock.
• The price of the phantom stock units was $47.96.
• Following the transaction, Davies directly owns 62,251.4 phantom stock units.
• These units will be settled in Sonoco Products Company common stock 6 months after Davies' retirement.

Sentiment

Score: 7

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

Positives

• The acquisition of phantom stock units by a director signals confidence in the company's future performance.

Future Outlook

The phantom stock units will be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement.

Industry Context

Director compensation in the form of stock and phantom stock units is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Comparing Sonoco's director compensation plan to those of its peers, such as International Paper or Packaging Corporation of America, would provide a benchmark for assessing the competitiveness and alignment of executive incentives.
• Companies like WestRock and Smurfit Kappa also utilize similar deferred compensation plans for their directors.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence.

Key Dates

Keywords

Form 4, Sonoco Products Co, Phantom Stock Units, Director Compensation, Beneficial Ownership, Davies Pamela Lewis