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

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

Summary

• Richard G. Kyle, a director of Sonoco Products Co, reported acquiring 269.8 phantom stock units on March 10, 2025.
• The acquisition was part of a quarterly dividend reinvestment within the company's directors' deferred compensation plan.
• The price per share was $47.27.
• Following the transaction, Kyle directly owns 24,800.5 phantom stock units.
• These units are the economic equivalent of Sonoco Products Company common stock and will be settled upon retirement or termination of service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a routine transaction (dividend reinvestment) indicating continued alignment of the director's interests with the company's performance.

Positives

• The acquisition of phantom stock units through dividend reinvestment demonstrates the director's continued investment in the company's future.

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.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's holdings.

Key Dates