Form 4: Director Pamela Davies Increases Sonoco Holdings
Statement of Changes in Beneficial Ownership
Director Pamela Davies acquired 752.9 phantom stock units in Sonoco Products Co via a deferred compensation plan.
Summary
- Director Pamela Davies acquired 752.9 phantom stock units on June 10, 2026.
- The acquisition was made through the company's directors' deferred compensation plan.
- Each phantom stock unit is economically equivalent to one share of Sonoco common stock.
- The total beneficial ownership following this transaction is 69,055.7 units.
- These units will be settled upon the director's retirement or termination of service.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing reflecting standard director compensation and does not indicate a change in company outlook.
Positives
- Director demonstrates continued alignment with shareholder interests through increased equity-linked holdings.
Negatives
- None identified.
Risks
- Value of phantom stock units is directly tied to the future market performance of Sonoco Products Co common stock.
Future Outlook
The phantom stock units will be settled upon the reporting person's retirement or other termination of service.
Management Comments
- None provided.
Industry Context
StockSavvy.ai notes that director participation in deferred compensation plans via phantom stock is a standard corporate governance practice designed to align long-term director incentives with company performance.
Comparison to Industry Standards
- The transaction follows standard SEC reporting requirements for director compensation plans.
- The use of phantom stock for deferred compensation is consistent with practices at other large-cap industrial packaging firms.
Stakeholder Impact
- Neutral impact on shareholders as this is a routine compensation-related transaction.
Next Steps
- Settlement of phantom stock units upon the director's retirement or termination of service.
Key Dates
| Date | Description |
|---|---|
| 06/10/2026 | Date of the transaction involving phantom stock units. |
| 06/12/2026 | Date the Form 4 was signed and filed. |
Keywords
Sonoco Products Co, SON, Form 4, Insider Trading, Director Compensation, Phantom Stock
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