Sonoco Prod SEC Filings

On July 1, 2025, Sonoco Products Company (SON) director Blythe J. McGarvie reported the automatic crediting of 792.5 phantom stock units under the company’s directors deferred-compensation plan, as disclosed in a Form 4 filed on July 3, 2025. Each unit is economically equivalent to one share of Sonoco common stock and will be settled in stock six months after the director’s retirement. After the transaction, McGarvie holds 30,184.6 phantom stock units in total. No open-market purchase or sale of common shares occurred; the filing reflects routine board compensation rather than a discretionary investment decision.

Sonoco Products Company (SON) – Form 4 insider filing

Director Richard G. Kyle reported the accrual of 792.5 phantom stock units on 1 July 2025 at a reference price of $45.74 per unit under the company’s Directors Deferred Compensation Plan. Each phantom unit is economically equivalent to one share of Sonoco common stock and will convert into common shares six months after Mr. Kyle retires from the board. Following the transaction, he beneficially owns 26,643.7 phantom stock units, all held directly. No open-market purchases, sales, exercises, or expirations of common shares were reported; the filing therefore represents a routine, non-cash change in deferred compensation rather than an investment-driven trade. The event modestly increases the director’s equity-linked exposure and underscores continued alignment with long-term shareholder value, but it carries minimal immediate market impact because it does not affect the public float or cash flow.

ACV Auctions Inc. (ACVA) – Form 4 overview: Chief Operating Officer Vikas Mehta reported several equity-related transactions.

• Performance Stock Units (PSUs): 60,912 PSUs granted on 05/28/2024 (Code J). These units vest in three equal tranches on 7/1/2025, 7/1/2026 and 7/1/2027, but only if a stock-price performance hurdle is met. The filing corrects a prior Form 4 that had mistakenly shown these shares as Class A Common Stock in Table I.
• Tax-withholding share dispositions: On 07/01/2025 the issuer automatically withheld 17,188 common shares (4,487 + 6,382 + 6,319) at $16.48 per share (Code F) to satisfy payroll taxes on previously-granted time-based RSUs. The transactions are explicitly noted as non-discretionary.
• Post-transaction holdings: Mehta now owns 592,565 common shares directly, which include 1,079 shares purchased through the 2021 Employee Stock Purchase Plan. He also holds 60,912 PSUs that could convert into an equal number of shares if both service and performance conditions are met.
• Administrative correction: The company’s Class A Common Stock is now simply designated “Common Stock” following charter amendments; no economic rights changed.

Investor take-aways: The filing is primarily procedural. The PSU grant strengthens pay-for-performance alignment, while the share withholding is routine and does not signal open-market selling pressure. Net direct ownership fell by about 2.8%, but the officer retains a sizable stake and meaningful performance-linked upside.

Sonoco Products Company (ticker SON) filed a Form 4 indicating that director Robert R. Hill Jr. accrued 792.5 phantom stock units on 07/01/2025 under the company’s directors deferred-compensation plan at a reference price of $45.74 per unit. Phantom units are the economic equivalent of common shares and will convert into common stock six months after the director’s retirement, so no shares changed hands in the open market and the public float is unaffected. After the transaction, Hill’s direct holding in this derivative class increased to 25,005.5 units. No non-derivative acquisitions or dispositions were reported. Because the award is part of routine deferred compensation, the filing does not materially alter insider ownership percentages or signal an active trading view, but it does incrementally align the director’s economic interests with long-term shareholder value.

BlackRock Enhanced Equity Dividend Trust (BDJ) – Form 4 filing dated 07/03/2025

Director James Phillip Holloman reported activity in the BlackRock Deferred Compensation Plan. On 07/01/2025 he acquired 585.26 Performance Rights, each economically equivalent to the cash value of one BDJ common share, at an indicative price of $8.92 per right. Following the transaction he holds 11,439.31 Performance Rights, all classified as direct ownership.

The Performance Rights are cash-settled and will be paid out at a deferral period chosen by the director; they do not convert into actual BDJ shares. No open-market purchase or sale of BDJ common stock occurred, and there was no change to the public float or share count.

Because the transaction reflects routine deferred compensation rather than a discretionary trade, the filing is typically considered administrative and neutral from a market-impact standpoint.

BlackRock Enhanced Equity Dividend Trust (BDJ) director Arthur Philip Steinmetz reported an internal compensation transaction on Form 4 dated 07/01/2025. He acquired 741.42 Performance Rights through the BlackRock Deferred Compensation Plan. Each right mirrors the cash value of one BDJ common share and will be 100 % cash-settled at a future deferral date chosen by the director, so no BDJ shares will be issued or retired. After this award, Steinmetz now holds 5,880.43 Performance Rights, all recorded as direct beneficial ownership. The filing shows no open-market purchases, sales, or option exercises, and it does not affect BDJ’s share count, capital structure, or operations. As such, the event appears to be a routine compensation-related accrual with limited market impact.

IREN Limited (Ticker: IREN) filed a Form 4 detailing an insider equity award to Co-Chief Executive Officer and Director Daniel John Roberts.

• Transaction date: 01 July 2025; filing signed 03 July 2025.
• Security type: Ordinary Shares delivered via restricted stock units (RSUs).
• Quantity granted: 1,793,392 RSUs at a stated price of $0, reflecting a compensation award rather than an open-market purchase.
• Post-grant beneficial ownership: 14,989,696 ordinary shares held indirectly through Awassi Capital Trust #2, over which Roberts retains control.
• The RSUs will vest only if the executive satisfies applicable vesting conditions; no further details on cliff or performance criteria were disclosed.

The filing signals continued equity-based compensation for senior management and marginally increases potential future share count by roughly 1.8 million shares once the RSUs vest and convert. Absent information on IREN’s total shares outstanding, the precise dilution impact cannot be quantified. Investors may view the award as aligning executive incentives with shareholder value, while also monitoring cumulative dilution from equity-based pay.

ACV Auctions Inc. (ACVA) – Form 4 insider transaction

Vice-President, Corporate Controller & CAO Andrew Peer reported four Rule 16b-3 “F” transactions on 1 Jul 2025. A Code “F” denotes shares withheld by the issuer to satisfy payroll-tax obligations triggered by the vesting of previously granted time-based RSUs; it is not an open-market sale.

• Total shares withheld: 4,134 at an implied price of $16.48, representing tax value of roughly $68k.
• After the transactions, Peer’s direct holding stands at 56,750 common shares, which includes 500 shares bought via the 2021 ESPP (12/1/24-5/31/25 period).
• The company’s Class A designation has been dropped; the security is now simply called “Common Stock,” with no change to shareholder rights.

Because the disposition was automatic for tax withholding, the filing is generally viewed as neutral from a governance or sentiment standpoint. Peer maintains a meaningful equity stake, aligning his incentives with shareholders.

On July 1, 2025, Sonoco Products Company (NYSE: SON) director Steven L. Boyd filed a Form 4 disclosing the acquisition of 792.5 phantom stock units under the company’s directors deferred compensation plan. Each phantom unit is economically equivalent to one share of common stock and was valued at $45.74 per unit, implying a notional transaction value of roughly $36,200. Following the transaction, Boyd now beneficially owns 7,751.2 phantom units, all held directly. The units will be settled in common stock six months after the director’s retirement. No transactions in non-derivative equity were reported, and the filing does not indicate any changes in direct share ownership.

The transaction is coded “A” (acquisition) and was executed under normal plan terms, not pursuant to a Rule 10b5-1 trading plan. Given Sonoco’s multibillion-dollar market capitalization, the size of the purchase is immaterial from a financial standpoint, but may provide a modestly positive governance signal of continued director alignment with shareholder interests.