Clark Scott A 4

What Happened

• Scott A. Clark, a director of Sonoco Products Company (SON), received an award of 11.2 phantom shares on 2026-03-10. The award is reported as a derivative acquisition at $53.29 per share for a total economic value of about $597. This was an award under the company’s directors’ deferred compensation plan, not an open-market purchase.

Key Details

• Transaction date and reported value: 2026-03-10; 11.2 phantom shares @ $53.29 each; total ≈ $597.
• Transaction type: Award/derivative acquisition (Form 4 code A).
• Settlement/ownership: These are phantom stock units — each equals the economic equivalent of one Sonoco common share (Footnote F1) and will be settled upon the reporting person’s retirement or other termination of service (Footnote F2). They do not necessarily represent current share voting or transfer rights.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Reported on Form 4 filed 2026-03-12 for a 2026-03-10 transaction; this appears to be filed within the normal reporting window.

Context

• This award is part of routine director compensation (deferred compensation plan) and represents a modest economic award (~$597). Such deferred/phantom awards are common for directors and differ from outright purchases or sales of stock; they primarily reflect compensation rather than a direct market signal.