Form 4: Director Guillemot Increases Holdings in Sonoco Products Co.

Philippe Guillemot, a director of Sonoco Products Co., acquired additional phantom stock units under the company's deferred compensation plan.

Summary

• On January 2, 2025, Philippe Guillemot, a director of Sonoco Products Co., acquired 755.1 phantom stock units.
• These units were accrued under the Sonoco Products Company directors deferred compensation plan.
• The price of the phantom stock units was $48.01.
• Following the transaction, Guillemot directly owns 23,380 phantom stock units.
• These units are to be settled in Sonoco Products Company common stock 6 months after Guillemot's retirement.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. It doesn't indicate any significant positive or negative outlook for the company.

Positives

• The director's increased stake could be interpreted as a sign of 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

Directors often receive stock or stock-based compensation as part of their overall remuneration, aligning their interests with those of shareholders. This Form 4 filing reflects such compensation in the form of phantom stock units.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates