Form 4: Sonoco Products Director Steven Boyd Boosts Phantom Stock Holdings Through Dividend Plan

Sonoco Products Co Director Steven L. Boyd acquired additional phantom stock units on June 10, 2025, as part of a routine quarterly dividend from the company's deferred compensation plan.

Summary

• Steven L. Boyd, a Director at Sonoco Products Co (SON), acquired 79.2 phantom stock units on June 10, 2025.
• The acquisition was a result of a quarterly dividend from Sonoco Products Company's directors' deferred compensation plan.
• Each phantom stock unit is the economic equivalent of one share of Sonoco Products Company common stock and was valued at $46.02.
• Following this transaction, Mr. Boyd's total beneficial ownership of phantom stock units increased to 6,958.7.
• These phantom stock units will be settled upon Mr. Boyd's retirement or other termination of service.

Sentiment

Score: 7

Explanation: The acquisition of additional phantom stock units by a director, even if routine, generally indicates continued alignment of interests with shareholders and confidence in the company's long-term prospects.

Positives

• The acquisition of additional phantom stock units by a director indicates continued alignment of management's interests with those of shareholders.
• The transaction is part of a structured compensation plan, reflecting a stable and predictable method of director remuneration.

Negatives

• No negative information was disclosed in this routine insider transaction filing.

Future Outlook

NA

Management Comments

• The acquired phantom stock units are part of a quarterly dividend from Sonoco Products Company's directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.

Industry Context

NA

Related Party Transactions

• The transaction involves a director's participation in a company-sponsored deferred compensation plan, which is a standard related-party arrangement for executive and director compensation.

Stakeholder Impact

• Shareholders may view the director's increased beneficial ownership as a positive sign of management's commitment and alignment with shareholder interests.

Next Steps

• Settlement of the phantom stock units will occur upon the reporting person's retirement or other termination of service.

Key Dates

Keywords

Sonoco Products, SON, Steven L. Boyd, Director, Phantom Stock Units, Insider Transaction, SEC Form 4, Deferred Compensation Plan, Beneficial Ownership