Form 4: Sonoco Products Co: Executive John M. Florence Reports Changes in Beneficial Ownership

John M. Florence, a VP, General Counsel, and Secretary at Sonoco Products Co, reported transactions involving restricted stock units and phantom stock units.

Summary

• On February 20, 2025, John M. Florence reported transactions related to Sonoco Products Co.
• These transactions involved restricted stock units and phantom stock units.
• 78 restricted stock units were disposed of to cover withholding taxes at a price of $46.24.
• 23,104 phantom stock units were acquired at a price of $48.85.
• 701 phantom stock units were disposed of to cover withholding taxes at a price of $46.83.
• Following these transactions, Florence directly owns 7,555 shares of common stock, 41,385.1 phantom stock units, and 40,684.1 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in compliance with SEC regulations.
• The transactions reported are typical for executive compensation, involving restricted stock units and phantom stock units, similar to practices at companies like International Paper (IP) and WestRock (WRK).

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions themselves are unlikely to have a significant impact on stakeholders.

Key Dates

Keywords

Form 4, Beneficial Ownership, Insider Trading, John M. Florence, Sonoco Products Co, SON, Restricted Stock Units, Phantom Stock Units