Form 4: Sonoco Director Steven L. Boyd Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Steven L. Boyd reported acquiring phantom stock units equivalent to 755.1 shares of Sonoco Products Company common stock at a price of $48.01 per unit.
Summary
- On January 2, 2025, Steven L. Boyd, a director of Sonoco Products Co, acquired 755.1 phantom stock units.
- These units are equivalent to shares of Sonoco Products Company common stock.
- The price per phantom stock unit was $48.01.
- Following this transaction, Boyd directly owns 6,056.6 phantom stock units.
- These phantom stock units were accrued under the Sonoco Products Company directors deferred compensation plan and 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
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 director compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: Acquisition of phantom stock units. |
| 01/05/2025 | Date of report filing. |
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