Form 4: Sonoco Products Co: Executive Acquires Dividend Equivalents and Phantom Stock Units

John M. Florence, a Sonoco Products Co executive, reports acquiring dividend equivalents on restricted stock units and phantom stock units through a non-derivative transaction.

Summary

• On March 10, 2025, John M. Florence, General Council, Secretary, and VP of Sonoco Products Co, acquired dividend equivalents on restricted stock units and phantom stock units.
• The dividend equivalents acquired amount to 332.7 shares of common stock.
• Additionally, 447.5 phantom stock units were acquired.
• The price for both the dividend equivalents and phantom stock units is $47.27 per share.
• Following these transactions, Florence directly owns 2,852 dividend equivalents on restricted stock units and 41,131.6 phantom stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports routine transactions related to executive compensation. It doesn't indicate any positive or negative outlook for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in trading activities by company insiders. These filings are closely monitored by investors seeking insights into management's perspective on the company's stock and overall health.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates