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 April 1, 2025, Philippe Guillemot, a director of Sonoco Products Co., acquired 756.3 phantom stock units.
• These units were accrued under the Sonoco Products Company directors deferred compensation plan.
• The price per unit was $47.96.
• Following the transaction, Guillemot directly owns 24,393.5 phantom stock units.
• These units are to be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director's acquisition of phantom stock units suggests confidence in the company's future, but it's a routine transaction under a deferred 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

Directors often receive stock options or restricted stock as part of their compensation packages, aligning their interests with those of shareholders. This transaction reflects a common practice in corporate governance.

Comparison to Industry Standards

• Director compensation packages often include deferred compensation plans, aligning director interests with long-term shareholder value.
• Companies like International Paper and WestRock, similar to Sonoco in the paper and packaging industry, also utilize stock-based compensation for their directors.

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates

Keywords

Form 4, Beneficial Ownership, Philippe Guillemot, Sonoco Products Co, SON, Phantom Stock Units, Director Compensation, Deferred Compensation Plan