Form 4: Director Richard G. Kyle Reports Acquisition of Phantom Stock Units in Sonoco Products Co

Richard G. Kyle, a director of Sonoco Products Co, reported the acquisition of phantom stock units under the company's directors deferred compensation plan.

Summary

• On July 1, 2024, Richard G. Kyle, a director of Sonoco Products Co, acquired 720.5 phantom stock units.
• These units were accrued under the Sonoco Products Company directors deferred compensation plan.
• The units are to be settled in Sonoco Products Company common stock 6 months after Kyle's retirement.
• The price of the phantom stock units was $50.31.
• Following the transaction, Kyle directly owns 22,653.2 derivative securities.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing detailing a routine transaction related to director compensation. It is neutral in tone and content.

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 related to director compensation and holdings, common in publicly traded companies. It provides transparency into the alignment of director interests with shareholder value.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, as the value of the units is tied to the company's stock performance.

Key Dates