Form 4: Sonoco Products Director Acquires Additional Phantom Stock Units Through Deferred Compensation Plan

Theresa J. Drew, a Director at Sonoco Products Co., acquired 200.5 phantom stock units through a quarterly dividend, increasing her beneficial ownership to 17,613.6 units.

Summary

• Theresa J. Drew, a Director of Sonoco Products Co. (SON), reported an acquisition of phantom stock units.
• The transaction occurred on June 10, 2025.
• She acquired 200.5 phantom stock units.
• Each phantom stock unit is economically equivalent to one share of Sonoco Products Company common stock.
• The units were acquired as part of a quarterly dividend on Sonoco Products Company's directors' deferred compensation plan.
• The phantom stock units will be settled upon Ms. Drew's retirement or other termination of service.
• The price of the derivative security at the time of acquisition was $46.02 per unit.
• Following this transaction, Ms. Drew beneficially owns 17,613.6 phantom stock units directly.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates a director's continued accumulation of equity-linked compensation, aligning their interests with shareholders. This is a routine, expected transaction, not indicative of significant positive or negative news.

Positives

• The acquisition of phantom stock units by a director aligns management's interests with those of shareholders, as the value of these units is tied to the company's common stock performance.
• The transaction is part of a pre-existing deferred compensation plan, indicating a structured approach to director remuneration and long-term commitment.

Future Outlook

The document indicates that the acquired phantom stock units will be settled upon the reporting person's retirement or other termination of service, aligning future compensation with long-term company performance.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, common across publicly traded companies. It reflects a director's participation in a standard deferred compensation plan, where equity-linked units are granted as part of their remuneration, aligning their financial interests with the company's stock performance.

Related Party Transactions

• The acquisition of phantom stock units by a director (Theresa J. Drew) from the company (Sonoco Products Co.) as part of a deferred compensation plan constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The transaction demonstrates continued alignment of a director's financial interests with the company's stock performance, which can be viewed positively as it incentivizes long-term value creation.

Next Steps

• The acquired phantom stock units will be settled upon Theresa J. Drew's retirement or other termination of service from Sonoco Products Company.

Key Dates

Keywords

Sonoco Products, SON, Form 4, Insider Transaction, Phantom Stock Units, Director Compensation, Deferred Compensation Plan, Beneficial Ownership