Form 4: Sonoco Products Co: Director Acquires Phantom Stock Units

Philippe Guillemot, a Director at Sonoco Products Co., acquired 645.6 phantom stock units, equivalent to common stock, under a deferred compensation plan.

Summary

• Director Philippe Guillemot acquired 645.6 phantom stock units on July 1, 2026.
• These units are economically equivalent to Sonoco Products Company common stock.
• The acquisition occurred under the Sonoco Products Company directors deferred compensation plan.
• The phantom stock units will be settled in Sonoco Products Company common stock six months after the reporting person's retirement.
• The value of the phantom stock units is based on a price of $56.15 per share.
• Following this transaction, the reporting person beneficially owns 29,650.3 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine transaction related to director compensation and does not indicate significant new financial performance or strategic shifts.

Positives

• Director's continued investment and accrual of equity through a deferred compensation plan indicates long-term commitment.
• The phantom stock units are directly tied to the company's common stock, aligning director interests with shareholders.

Future Outlook

The phantom stock units are to be settled in Sonoco Products Company common stock six months after the reporting person's retirement, indicating a future transfer of equity.

Industry Context

StockSavvy.ai notes that the use of phantom stock units within a deferred compensation plan is a common practice for executive and director compensation in the packaging and industrial products sector, aiming to retain talent and align long-term interests with shareholders.

Stakeholder Impact

• Shareholders: The transaction reflects the alignment of director compensation with shareholder interests through equity-based awards.
• Management: The accrual of phantom stock units is part of the compensation structure for directors.

Next Steps

• Settlement of phantom stock units in Sonoco Products Company common stock six months after the reporting person's retirement.

Key Dates

Keywords

Sonoco Products Co, Form 4, SEC Filing, Director, Phantom Stock Units, Deferred Compensation Plan, Beneficial Ownership, Equity