Form 4: Sonoco Director John R. Haley Reports Acquisition of Phantom Stock Units

Director John R. Haley reports acquisition of phantom stock units through a dividend reinvestment in Sonoco Products Company's directors' deferred compensation plan.

Summary

• On June 10, 2024, John R. Haley, a director of Sonoco Products Co, acquired 536.7 phantom stock units.
• The acquisition was part of a quarterly dividend reinvestment within the company's directors' deferred compensation plan.
• The price per unit was $59.16.
• Following the transaction, Haley directly owns 61,597.2 phantom stock units.
• These units are the economic equivalent of Sonoco Products Company common stock and will be settled upon Haley's retirement or termination of service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director is increasing their stake in the company, which can be seen as a positive sign, but it's a routine transaction related to deferred compensation.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment and alignment with the company's long-term performance.

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. Phantom stock units are a common form of deferred compensation.

Stakeholder Impact

• The transaction signals continued alignment between the director's interests and those of the shareholders.

Key Dates