Kyle Richard G 4

What Happened

• Kyle Richard G, a director of Sonoco Products Company (SON), was granted 288 units of phantom stock (derivative award) on 2026-03-10. The reported per-unit value was $53.29, for a total economic value of $15,348. The filing lists this as an award/acquisition (transaction code A), not an open-market purchase.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-11.
• Price/value: $53.29 per phantom share; total reported value $15,348.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • Each phantom share is the economic equivalent of one share of Sonoco common stock (F1).
  • These units were acquired as a quarterly dividend on the directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service (F2).
• Filing timeliness: Reported the next day; no late filing indicated.

Context

• Phantom stock is a derivative compensation instrument that tracks the value of common shares but typically does not confer immediate voting rights or actual share delivery until settlement (here, at retirement/termination). This award reflects routine director compensation rather than an open-market investment decision.