Istavridis Eleni 4

What Happened

• Director Eleni Istavridis received an award of 146 phantom shares (transaction code A) on 2026-03-10 at an attributed value of $53.29 per share, totaling roughly $7,780. This was a derivative award (phantom stock) rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-03-10; 146 shares @ $53.29 each (total ≈ $7,780).
• Shares owned after transaction: Not disclosed in the provided filing.
• Instrument type: Derivative (phantom stock), reported as an acquisition/award (code A).
• Footnotes: (1) Each phantom share equals the economic equivalent of one common share. (2) These phantom shares were acquired as a quarterly dividend under Sonoco’s directors’ deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.
• Filing timeliness: Report filed 2026-03-11 for a 2026-03-10 transaction — appears to be timely under Form 4 reporting rules.

Context

• Phantom stock awards are deferred-compensation instruments that track the economic value of shares but do not represent immediate transfer of common stock; settlement occurs later (e.g., at retirement or termination). Such awards are typically routine compensation and do not by themselves indicate current insider buying or selling sentiment.