Form 4: Director Istavridis Acquires Phantom Stock Units in Sonoco Products Co.

Director Eleni Istavridis acquired phantom stock units in Sonoco Products Co. through a dividend reinvestment in the directors' deferred compensation plan.

Summary

• On March 10, 2025, Director Eleni Istavridis acquired 119.8 phantom stock units of Sonoco Products Co.
• The acquisition was part of a quarterly dividend reinvestment within the company's directors' deferred compensation plan.
• The price per share for the phantom stock units was $47.27.
• Following the transaction, Istavridis directly owns 11,012.9 shares of Sonoco Products Co.
• The phantom stock units will be settled upon Istavridis's retirement or termination of service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction indicating the director's continued investment in the company.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment and alignment with the company's long-term performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive stock-based compensation and participate in dividend reinvestment plans.

Stakeholder Impact

• The transaction signals to shareholders that the director has confidence in the company's future performance.

Key Dates