Form 4: Sonoco Director Thomas E. Whiddon Reports Acquisition of Phantom Stock Units

Director Thomas E. Whiddon reports acquisition of phantom stock units through dividend and deferred compensation plan.

Summary

• Thomas E. Whiddon, a director of Sonoco Products Co, reported the acquisition of phantom stock units.
• On September 10, 2024, 558.4 phantom stock units were acquired at a price of $54.24, through a quarterly dividend on the director's deferred compensation plan.
• On October 1, 2024, 667.3 phantom stock units were accrued under the Sonoco Products Company directors deferred compensation plan at a price of $54.32.
• Following these transactions, Whiddon beneficially owns 59,469.9 phantom stock units.
• These units will be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement or other termination of service.

Sentiment

Score: 7

Explanation: The document reflects standard insider transactions, indicating alignment with company performance and compensation plans. It is a neutral to slightly positive signal.

Positives

• The acquisition of phantom stock units through dividend and deferred compensation plan aligns the director's interests with the company's long-term performance.

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, potentially reassuring shareholders.

Key Dates