Form 4: Sonoco Director Robert R. Hill Jr. Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Robert R. Hill Jr. reports acquiring phantom stock units through a dividend reinvestment in Sonoco Products Co.
Summary
- Robert R. Hill Jr., a director of Sonoco Products Co., reported acquiring 252.2 phantom stock units on March 10, 2025.
- The acquisition was part of a quarterly dividend reinvestment within the company's directors' deferred compensation plan.
- Each phantom stock unit is equivalent to one share of Sonoco Products Company common stock.
- The price per share for the acquisition was $47.27.
- Following the transaction, Hill directly owns 23,181 shares.
- The phantom stock units will be settled upon Hill's retirement or termination of service.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a routine transaction related to director compensation, indicating confidence 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.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: Acquisition of phantom stock units. |
| 03/12/2025 | Date of report signature. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.