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

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

Summary

• On March 10, 2025, John R. Haley, a director of Sonoco Products Co, acquired 757.5 phantom stock units.
• The acquisition was made through a quarterly dividend on Sonoco Products Company's directors' deferred compensation plan.
• Each phantom stock unit is equivalent to one share of Sonoco Products Company common stock.
• The price per share was $47.27.
• Following the transaction, Haley directly owns 69,617.8 phantom stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a routine transaction related to director compensation, indicating continued alignment with the company's performance.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company's future.

Future Outlook

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

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company through participation in a deferred compensation plan.

Stakeholder Impact

• The acquisition of phantom stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates