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

Blythe J. McGarvie, a director of Sonoco Products Co., acquired additional phantom stock units through a dividend reinvestment in the company's deferred compensation plan.

Summary

• On March 10, 2025, Blythe J. McGarvie, a director of Sonoco Products Co. [SON], acquired 308 phantom stock units.
• The acquisition was part of a quarterly dividend reinvestment within the company's directors' deferred compensation plan.
• The price per phantom stock unit was $47.27.
• Following the transaction, McGarvie directly owns 28,301.2 phantom stock units.
• Each phantom stock unit is economically equivalent to one share of Sonoco Products Company common stock and will be settled upon the reporting person's retirement or other termination of service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's participation in the dividend reinvestment plan suggests confidence in the company, but it's a routine transaction.

Positives

• The director's participation in the dividend reinvestment plan signals confidence in the company's future performance.

Future Outlook

The phantom stock units will be settled upon the reporting person's retirement or other termination of service.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often participate in dividend reinvestment plans, which can be seen as a positive signal to the market.

Key Dates