Form 4: Sonoco Director Philippe Guillemot Reports Acquisition of Phantom Stock Units

Director Philippe Guillemot reports acquiring phantom stock units through a dividend reinvestment in Sonoco Products Company's directors' deferred compensation plan.

Summary

• On September 10, 2024, Philippe Guillemot, a director of Sonoco Products Co, acquired 206.4 phantom stock units.
• The acquisition was part of a quarterly dividend reinvestment within Sonoco's directors' deferred compensation plan.
• The price per phantom stock unit was $54.24.
• Following the transaction, Guillemot directly owns 21,731.2 phantom stock units.
• These units are the economic equivalent of Sonoco Products Company common stock and will be settled upon Guillemot's retirement or termination of service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a director increasing their stake in the company through a standard compensation mechanism.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company's future.
• The dividend reinvestment plan allows directors to increase their stake in the company over time.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction signals to shareholders that a director is increasing their investment in the company, potentially boosting investor confidence.

Key Dates