Form 4: Director Guillemot Reports Acquisition of Phantom Stock Units in Sonoco Products Co
SEC Form 4 Filing
Philippe Guillemot, a director of Sonoco Products Co, reported the acquisition of phantom stock units under the company's deferred compensation plan.
Summary
- On July 1, 2024, Philippe Guillemot, a director of Sonoco Products Co, acquired 720.5 phantom stock units.
- These units were accrued under the Sonoco Products Company directors deferred compensation plan.
- The units are to be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement.
- The price of the transaction was $50.31 per unit.
- Following the transaction, Guillemot directly owns 21,524.8 phantom stock units.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reflects a standard transaction related to executive compensation. There are no indications of positive or negative implications for the company's 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
This filing is a routine disclosure of a director's acquisition of phantom stock units, which is a common form of executive compensation.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves phantom stock units, which will eventually be settled in common stock.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Acquisition of phantom stock units |
| 07/03/2024 | Date of signature by Power of Attorney |
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