Form 4: Sonoco Director Acquires Additional Phantom Stock Units Through Deferred Compensation Plan

Sonoco Products Company Director Philippe Guillemot acquired 280.9 phantom stock units on June 10, 2025, as part of a quarterly dividend from the company's directors' deferred compensation plan.

Summary

• Philippe Guillemot, a Director of Sonoco Products Company (SON), acquired 280.9 phantom stock units.
• The transaction occurred on June 10, 2025, and was a result of a quarterly dividend from the company's directors' deferred compensation plan.
• Each phantom stock unit is economically equivalent to one share of Sonoco Products Company common stock.
• The units were acquired at a price of $46.02 per unit.
• Following this acquisition, Mr. Guillemot's direct beneficial ownership of phantom stock units increased to 24,674.4.
• These phantom stock units will be settled upon Mr. Guillemot's retirement or other termination of service.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock units by a director, even if routine through a deferred compensation plan, generally indicates continued alignment of interests with shareholders and confidence in the company's long-term performance.

Positives

• Director Philippe Guillemot increased his beneficial ownership in Sonoco Products Company, aligning his interests further with shareholders.
• The acquisition is part of a structured directors' deferred compensation plan, indicating a long-term incentive and retention mechanism for board members.

Future Outlook

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

Industry Context

This Form 4 filing details an individual insider transaction related to director compensation and does not provide broader industry context or trends.

Related Party Transactions

• The acquisition of phantom stock units by Director Philippe Guillemot from Sonoco Products Company is a related party transaction, specifically a component of the company's directors' deferred compensation plan.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value through equity-based compensation.
• Director: Receipt of additional compensation in the form of phantom stock units, which will be settled upon retirement or termination.

Next Steps

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

Key Dates

Recommendation

Keywords

Sonoco Products Company, SON, Form 4, Insider Transaction, Phantom Stock Units, Director Compensation, Beneficial Ownership, Deferred Compensation Plan