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

Steven L. Boyd, a director of Sonoco Products Co., reported the acquisition of phantom stock units through a dividend reinvestment in the company's deferred compensation plan.

Summary

• On March 10, 2025, Steven L. Boyd, a director of Sonoco Products Co., acquired 66.6 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, Boyd directly owns 6,123.2 phantom stock units.
• These units are the economic equivalent of Sonoco Products Company common stock and will be settled upon Boyd's retirement or termination of service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction (dividend reinvestment) by a director, indicating continued alignment with the company's performance.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company's future.
• Dividend reinvestment plans can be seen as a positive sign of confidence in 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 routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This particular filing reflects a director's participation in a dividend reinvestment plan, which is a common practice.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of the director's compensation.

Key Dates