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 March 8, 2024, Philippe Guillemot, a director of Sonoco Products Co, acquired 175.7 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 $57.55.
• Following the transaction, Guillemot directly owns 19,993.7 phantom stock units.
• Each phantom stock unit is equivalent to one share of Sonoco Products Company common stock and will be settled upon Guillemot's retirement or termination of service.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance practices. There are no indications of unusual or concerning activity.

Future Outlook

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

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It reflects standard practices in corporate governance and regulatory compliance.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves internal compensation mechanisms for a director.
• It reinforces transparency and adherence to regulatory requirements, which can positively influence investor confidence.

Key Dates