Form 4: Sonoco Products Co Director Pamela Lewis Davies Reports Acquisition of Phantom Stock Units

Director Pamela Lewis Davies reports acquisition of phantom stock units under Sonoco Products Company directors deferred compensation plan.

Summary

• On April 1, 2024, Pamela Lewis Davies, a director of Sonoco Products Co, acquired phantom stock units.
• The transaction involved 629.3 phantom stock units at a price of $57.6.
• Following the transaction, Davies beneficially owns 57,022.5 shares of Sonoco Products Co common stock.
• The phantom stock units were accrued under the Sonoco Products Company directors deferred compensation plan and are to be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing regarding a stock transaction. It doesn't inherently convey positive or negative sentiment.

Positives

• The acquisition of phantom stock units by a director may signal confidence in the company's future performance.

Future Outlook

The phantom stock units are to 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 a director's acquisition of phantom stock units, which is a common form of executive compensation.

Stakeholder Impact

• The acquisition of phantom stock units by a director could be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates