Form 4: Director Thomas E. Whiddon Reports Acquisition of Phantom Stock Units in Sonoco Products Co.

Thomas E. Whiddon, a director of Sonoco Products Co., reported the acquisition of phantom stock units through a dividend on the directors' deferred compensation plan.

Summary

• On March 10, 2025, Thomas E. Whiddon, a director of Sonoco Products Co., acquired 669.2 phantom stock units.
• The acquisition was a result of a quarterly dividend on Sonoco Products Company's directors' deferred compensation plan.
• The price per share was $47.27.
• Following the transaction, Whiddon directly owns 61,495.1 phantom stock units.
• These units are the economic equivalent of Sonoco Products Company common stock and will be settled upon Whiddon's retirement or termination of service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a director's continued investment in the company through a standard compensation mechanism.

Positives

• The acquisition of phantom stock units through the dividend reinvestment plan demonstrates a continued investment in the company by a director.

Future Outlook

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

Industry Context

Directors often receive stock or stock-based compensation as part of their overall remuneration, aligning their interests with those of shareholders. This Form 4 filing reflects such a compensation component.

Stakeholder Impact

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

Key Dates