Boyd Steven L 4

What Happened

• Steven L. Boyd, a director of Sonoco Products Company (SON), was granted/acquired 95.6 phantom shares (derivative) on 2026-03-10 at a per-share value of $53.29, totaling about $5,095. The filing classifies this as an A (award/acquisition) transaction.

Key Details

• Transaction date and value: 2026-03-10 — 95.6 shares @ $53.29 each, total ≈ $5,095.
• Transaction type: Derivative award (phantom stock), not an open-market purchase or sale.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: F1 — each phantom share equals the economic equivalent of one common share; F2 — these phantom shares were acquired as a quarterly dividend under the directors' deferred compensation plan and will be settled upon Boyd’s retirement or other termination of service.
• Filing timeliness: Reported on 2026-03-11 for the 2026-03-10 transaction (filed the next day); the filing does not indicate lateness.

Context

• This award reflects deferred compensation (phantom stock) tied to director pay and dividend credits, which are typically routine and intended for future settlement rather than an immediate market position change. As a derivative award, it represents an economic interest rather than newly issued common shares delivered immediately.