Form 4: Director McGarvie Increases Holdings in Sonoco Products Co (SON) Through Phantom Stock Units

Blythe J. McGarvie, a director of Sonoco Products Co, acquired phantom stock units equivalent to 756.3 shares of common stock under the company's directors deferred compensation plan.

Summary

• On April 1, 2025, Blythe J. McGarvie, a director of Sonoco Products Co (SON), acquired 756.3 phantom stock units.
• These units are equivalent to shares of Sonoco Products Company common stock.
• The acquisition occurred under the Sonoco Products Company directors deferred compensation plan.
• The price per share was $47.96.
• Following the transaction, McGarvie directly owns 29,057.5 shares.
• The phantom stock units will be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The director's increased stake could be seen as slightly positive, but it's part of a deferred compensation plan.

Positives

• The director's increased stake in the company may signal confidence in Sonoco'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

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units granted to a director.

Key Dates

Keywords

Form 4, insider trading, director, phantom stock units, deferred compensation plan, SON, Sonoco Products Co, McGarvie, beneficial ownership