Boyd Steven L 4

What Happened

• Steven L. Boyd, a director of Sonoco Products Company (SON), was granted 657.1 phantom stock units on 2026-04-01. The units are recorded at $55.17 each for a total value of $36,252. The grant is reported as a derivative award (transaction code A) rather than an open-market purchase.

Key Details

• Transaction date: 2026-04-01; Filing date: 2026-04-02 (timely).
• Grant: 657.1 phantom stock units @ $55.17 each; total recorded value $36,252.
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: Each phantom stock unit equals the economic equivalent of one share of Sonoco common stock.
  • F2: Units were accrued under the Sonoco directors deferred compensation plan and will be settled in Sonoco common stock six months after the reporting person's retirement.
• No 10b5-1 plan, tax-withholding, or late-filing flags noted in the report.

Context

• Phantom stock units are a form of deferred compensation that track share value and are settled in actual shares (per footnote) upon the specified condition (here, six months after retirement). Such grants are common as director compensation and do not represent an out‑of‑pocket purchase by the director. Purchases by insiders are generally viewed as stronger signals of personal conviction than routine awards.