Form 4: Director Robert R. Hill Jr. Reports Acquisition of Phantom Stock Units in Sonoco Products Co.

Robert R. Hill Jr., a director of Sonoco Products Co., reported the acquisition of phantom stock units under the company's directors deferred compensation plan.

Summary

• On October 1, 2024, Robert R. Hill Jr., a director of Sonoco Products Co., acquired 667.3 phantom stock units.
• These units were accrued under the Sonoco Products Company directors deferred compensation plan.
• The price of the underlying common stock was $54.32 per share.
• Following the transaction, Hill directly owns 21,951.9 phantom stock units.
• These units will be settled in Sonoco Products Company common stock 6 months after Hill's retirement.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.

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 among corporate directors and officers. It provides transparency into their holdings and transactions in the company's stock.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units granted under a pre-existing compensation plan.
• It provides transparency to shareholders regarding director compensation and alignment with company performance.

Key Dates