Form 4: Sonoco Director Robert R. Hill Jr. Reports Phantom Stock Unit Acquisition

Director Robert R. Hill Jr. reports acquisition of phantom stock units under Sonoco's deferred compensation plan.

Summary

• Robert R. Hill Jr., a director of Sonoco Products Co, reported acquiring phantom stock units on April 1, 2025.
• The transaction involved 756.3 phantom stock units at a price of $47.96 each.
• These units were accrued under the Sonoco Products Company directors deferred compensation plan.
• The phantom stock units are to be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement.
• Following the transaction, Hill directly owns 23,937.3 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and ongoing relationship between the director and the company. It's a neutral to slightly positive indicator of alignment.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The deferred compensation plan incentivizes long-term commitment from the director.

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

Directors often receive stock-based compensation to align their interests with shareholders and incentivize long-term value creation. Phantom stock units are a common form of deferred compensation.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates

Keywords

phantom stock units, director, Sonoco, deferred compensation, Form 4, beneficial ownership