Form 4: Director Steven L. Boyd Reports Acquisition of Phantom Stock Units in Sonoco Products Co.

Director Steven L. Boyd reports acquiring phantom stock units in Sonoco Products Co. through a quarterly dividend reinvestment.

Summary

• On March 8, 2024, Steven L. Boyd, a director of Sonoco Products Co., acquired 27.7 phantom stock units.
• The acquisition was part of a quarterly dividend reinvestment within the director's deferred compensation plan.
• Each phantom stock unit is equivalent to one share of Sonoco Products Company common stock.
• The price per share was $57.55.
• Following the transaction, Boyd directly owns 3,154.5 phantom stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through dividend reinvestment, indicating confidence in the company's future performance.

Positives

• The acquisition of phantom stock units through dividend reinvestment indicates a continued investment and alignment with the company's performance.

Future Outlook

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

Industry Context

Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their transactions and holdings. This particular filing reflects a director's continued investment in the company through dividend reinvestment.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it demonstrates the director's continued investment in the company.

Key Dates