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

Director John R. Haley reported the acquisition of phantom stock units convertible to common stock in Sonoco Products Co.

Summary

• On April 1, 2024, John R. Haley, a director of Sonoco Products Co., acquired 1,757.8 phantom stock units.
• These units are equivalent to shares of Sonoco Products Company common stock.
• The transaction occurred under the Sonoco Products Company directors deferred compensation plan.
• The phantom stock units will be settled in Sonoco Products Company common stock six months after Haley's retirement.
• Following the reported transaction, Haley directly owns 61,060.5 shares of common stock.
• The price of the phantom stock units was $57.6.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

The phantom stock units will be settled in Sonoco Products Company common stock six months after the reporting person's retirement.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock.

Stakeholder Impact

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

Key Dates