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 deferred compensation plan.

Summary

• On June 10, 2024, Philippe Guillemot, a director of Sonoco Products Co, acquired 181.3 phantom stock units.
• The acquisition was part of a quarterly dividend reinvestment within the company's directors' deferred compensation plan.
• The price per share was $59.16.
• Following the transaction, Guillemot directly owns 20,804.3 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: Routine transaction indicating continued alignment of director's interests with the company. No significant positive or negative implications.

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.

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 compensation package, aligning their interests with those of shareholders. Phantom stock units are a common form of deferred compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it demonstrates the director's continued investment in the company.

Key Dates