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

Director Thomas E. Whiddon reports acquisition of phantom stock units through a dividend reinvestment in Sonoco Products Company's directors' deferred compensation plan.

Summary

• On March 8, 2024, Thomas E. Whiddon, a director of Sonoco Products Co, acquired 495.3 phantom stock units.
• The acquisition was part of a quarterly dividend reinvestment within Sonoco Products Company's directors' deferred compensation plan.
• The price per share was $57.55.
• Following the transaction, Whiddon directly owns 56,393.1 phantom stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director is increasing their stake in the company, which can be seen as a positive sign. However, it's a routine transaction related to deferred compensation.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company's future.

Future Outlook

The phantom stock units will be settled upon the reporting person's retirement or other termination of service.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the investment activities of company directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholder confidence as it signals the director's continued investment in the company.

Key Dates