Form 4: Sonoco Products Director Steven Boyd Accrues Phantom Stock Units

Steven L. Boyd, a Director at Sonoco Products Co, accrued 792.5 phantom stock units on July 1, 2025, as part of a deferred compensation plan, increasing his beneficial ownership to 7,751.2 units.

Summary

• Steven L. Boyd, a Director of Sonoco Products Co (SON), accrued 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 phantom stock units were accrued under the Sonoco Products Company directors deferred compensation plan.
• The units are valued at $45.74 per unit.
• Following this accrual, Steven L. Boyd beneficially owns 7,751.2 phantom stock units.
• These phantom stock units are to be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement.

Sentiment

Score: 7

Explanation: The accrual of phantom stock units by a director, even as part of a deferred compensation plan, generally indicates continued alignment of interests with shareholders and confidence in the company's long-term prospects.

Positives

• The accrual of phantom stock units by a director aligns management's interests with shareholders, as the value of these units is tied to the company's common stock performance.
• Participation in a deferred compensation plan indicates a long-term commitment by the director to the company's future.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction related to director compensation and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The accrual of equity-based compensation for a director enhances the alignment of management's financial interests with those of the shareholders, potentially fostering decisions that benefit long-term stock performance.

Next Steps

• The phantom stock units are to be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement.

Key Dates

Recommendation

Keywords

Sonoco Products, SON, Steven L. Boyd, Form 4, Insider Transaction, Phantom Stock Units, Director Compensation, Equity Accrual