Form 4: Sonoco Director Richard G. Kyle Reports Acquisition of Phantom Stock Units

Director Richard G. Kyle reports acquisition of phantom stock units through a dividend reinvestment in Sonoco Products Company's directors' deferred compensation plan.

Summary

• Richard G. Kyle, a director of Sonoco Products Co, reported acquiring 185.5 phantom stock units on March 8, 2024.
• The acquisition was part of a quarterly dividend reinvestment within the company's directors' deferred compensation plan.
• The price per phantom stock unit was $57.55.
• Following the transaction, Kyle directly owns 21,112.2 phantom stock units.
• These units are the economic equivalent of Sonoco Products Company common stock and will be settled upon Kyle's retirement or termination of service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment 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.

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 standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Key Dates