Form 4: Sonoco Director Philippe Guillemot Reports Phantom Stock Unit Acquisition
SEC Form 4 Filing
Director Philippe Guillemot reported the acquisition of phantom stock units under the Sonoco Products Company directors deferred compensation plan.
Summary
- On October 1, 2024, Philippe Guillemot, a director of Sonoco Products Co, acquired 667.3 phantom stock units.
- These units were accrued under the Sonoco Products Company directors deferred compensation plan.
- The price per unit is $54.32.
- Following the transaction, Guillemot directly owns 22,398.5 phantom stock units.
- These units are to be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Future Outlook
The phantom stock units will be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement.
Industry Context
This filing reflects standard practice for reporting changes in beneficial ownership by company directors, particularly concerning deferred compensation plans.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it involves phantom stock units under a deferred compensation plan.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of phantom stock units transaction. |
| 10/03/2024 | Date of signature by Power of Attorney. |
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