MCGARVIE BLYTHE J 4

What Happened
Blythe J. McGarvie, a director of Sonoco Products Company (SON), was granted 324.1 shares of phantom stock on 2026-03-10 as an award under the company’s directors’ deferred compensation plan. The award is recorded at $53.29 per share, for a total economic value of approximately $17,271. This was an acquisition via award (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-10; Form 4 filed 2026-03-11 (appears timely).
• Transaction type/code: A (Grant/award or other acquisition — derivative).
• Shares/units granted: 324.1 phantom shares at $53.29 each; total value ≈ $17,271.
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • Each phantom share is the economic equivalent of one share of Sonoco common stock (F1).
  • These phantom shares were acquired via a quarterly dividend credit under the directors’ deferred compensation plan and will be settled upon the reporting person’s retirement or other termination of service (F2).

Context
Phantom stock is a deferred-compensation instrument that provides the economic equivalent of common shares but typically does not convey current voting rights or immediate ownership of stock. Settlement is contingent on future events (here, retirement or termination), so this award is routine compensation rather than an active investment purchase or sale.