Form 4: Sonoco Director Steven L. Boyd Reports Acquisition of Phantom Stock Units

Director Steven L. Boyd reported acquiring phantom stock units equivalent to 667.3 shares of Sonoco Products Company common stock under the directors deferred compensation plan.

Summary

• On October 1, 2024, Steven L. Boyd, a director of Sonoco Products Co, acquired 667.3 phantom stock units.
• These units are the economic equivalent of Sonoco Products Company common stock.
• The acquisition occurred under the Sonoco Products Company directors deferred compensation plan.
• The price per share was $54.32.
• Following the transaction, Boyd directly owns 5,248.4 phantom stock units.
• These units will be settled in Sonoco Products Company common stock six months after Boyd's retirement.

Sentiment

Score: 5

Explanation: This is a routine filing; sentiment is neutral as it reflects standard insider trading reporting.

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 acquisition of phantom stock units by a director signals confidence in the company's future performance to shareholders.

Key Dates