Form 4: Director Theresa J. Drew Reports Acquisition of Phantom Stock Units in Sonoco Products Co

Theresa J. Drew, a director of Sonoco Products Co, reported the acquisition of phantom stock units under the company's directors deferred compensation plan.

Summary

• On January 2, 2025, Director Theresa J. Drew acquired 755.1 phantom stock units of Sonoco Products Co.
• These units were accrued under the Sonoco Products Company directors deferred compensation plan.
• Each phantom stock unit is equivalent to one share of Sonoco Products Company common stock.
• The units are to be settled in Sonoco Products Company common stock 6 months after Drew's retirement.
• Following the transaction, Drew directly owns 16,475.5 phantom stock units.
• The price of the phantom stock units was $48.01.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports a transaction.

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 in publicly traded companies. It provides transparency into the actions of company directors and their holdings in the company's stock.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and stock ownership.

Key Dates