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

Director Steven L. Boyd reported acquiring phantom stock units in Sonoco Products Company through a directors deferred compensation plan.

Summary

• On April 1, 2025, Steven L. Boyd, a director of Sonoco Products Co, acquired 756.3 phantom stock units.
• These units were accrued under the Sonoco Products Company directors deferred compensation plan.
• The price per unit was $47.96.
• Following the transaction, Boyd directly owns 6,879.5 phantom stock units.
• Each phantom stock unit is the economic equivalent of one share of Sonoco Products Company common stock and will be settled in common stock 6 months after retirement.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction, which is neutral in 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

This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It is common for directors to receive deferred compensation in the form of stock or stock units.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation.

Key Dates

Keywords

Form 4, insider trading, phantom stock units, director compensation, Sonoco Products Co, Steven L. Boyd, deferred compensation