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

Philippe Guillemot, a Director at Sonoco Products Co., acquired 792.5 phantom stock units as part of the company's directors deferred compensation plan.

Summary

• Philippe Guillemot, a Director of Sonoco Products Co. (SON), acquired 792.5 phantom stock units.
• The transaction occurred on July 1, 2025.
• Each phantom stock unit is the economic equivalent of one share of Sonoco Products Company common stock.
• The units were accrued under the Sonoco Products Company directors deferred compensation plan.
• The phantom stock units are to be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement.
• The price of the derivative security was $45.74 per unit.
• Following this transaction, Philippe Guillemot beneficially owns 25,466.9 phantom stock units.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock units by a director under a deferred compensation plan is a routine event that aligns management interests with shareholders, indicating a stable compensation structure.

Positives

• Director Philippe Guillemot increased his beneficial ownership in Sonoco Products Co. through the acquisition of 792.5 phantom stock units.
• The acquisition aligns the director's interests with shareholders, as the phantom stock units are economically equivalent to common stock and are part of a deferred compensation plan.

Future Outlook

NA

Industry Context

This is a routine insider transaction related to director compensation and does not directly reflect broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value through equity accrual.

Next Steps

• Settlement of phantom stock units in Sonoco Products Company common stock 6 months after the reporting person's retirement.

Key Dates

Recommendation

Keywords

Sonoco Products, SON, Philippe Guillemot, Form 4, insider transaction, phantom stock, deferred compensation, director compensation, equity acquisition