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

Director Blythe J. McGarvie accrued phantom stock units under the Sonoco Products Company directors deferred compensation plan, equivalent to 629.3 shares of common stock, increasing her total holdings.

Summary

• On April 1, 2024, Blythe J. McGarvie, a director of Sonoco Products Co., accrued 629.3 phantom stock units under the company's directors deferred compensation plan.
• These phantom stock units are economically equivalent to shares of Sonoco Products Company common stock.
• The price of the phantom stock units was $57.6.
• Following this transaction, McGarvie's direct ownership increased to 25,107.4 shares.
• The phantom stock units will be settled in Sonoco Products Company common stock six months after McGarvie's retirement.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects an increase in director's holdings, which can be interpreted as a sign of confidence in the company's future.

Positives

• Director McGarvie's increased holdings demonstrate confidence in Sonoco Products Co.

Future Outlook

The phantom stock units will be settled in Sonoco Products Company common stock six months after McGarvie's retirement.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The increase in director's holdings may positively influence shareholder sentiment.

Key Dates