Form 4: John M. Florence Reports Acquisition of Dividend Equivalents and Phantom Stock Units in Sonoco Products Co

John M. Florence, VP, Gnl Council, Secy, CHRO of Sonoco Products Co, reports acquiring dividend equivalents on restricted stock units and phantom stock units.

Summary

• On March 8, 2024, John M. Florence acquired 192.6 dividend equivalent rights on Restricted Stock which will be settled upon the reporting person's retirement or other termination of service.
• Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock.
• Also on March 8, 2024, Florence acquired 156.1 phantom stock units on quarterly dividend on Sonoco Products Company's officers' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.
• Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
• Following the reported transactions, Florence directly owns 1,889 dividend equivalents on restricted stock units and 17,770.1 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a neutral report of insider transactions, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the holdings of company executives. It is standard practice for officers of publicly traded companies to report changes in their beneficial ownership of company securities.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine compensation-related acquisitions.

Key Dates