DAVIES PAMELA LEWIS 4

What Happened
Pamela Lewis Davies, 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 economic value of $36,252, and are reported on a Form 4 as a derivative award (transaction code A). This was an award under the directors' deferred compensation plan, not an open-market purchase or sale.

Key Details

• Transaction date and terms: 2026-04-01 — 657.1 phantom stock units @ $55.17 each; total economic value $36,252.
• Transaction type: Award/Acquisition of derivative units (code A).
• Shares owned after transaction: Not reported in this filing.
• Footnotes: (F1) Each phantom stock unit equals the economic equivalent of one share of Sonoco common stock. (F2) Units were accrued under the directors' deferred compensation plan and will be settled in Sonoco common stock six months after the reporting person's retirement.
• Filing timeliness: Form filed 2026-04-02 (appears timely).

Context
Phantom stock units are a form of deferred compensation that track the value of company shares but do not represent immediate share ownership; settlement here is contingent on the director's retirement and will be paid in common stock six months after retirement. Awards to non-employee directors are common and typically reflect routine compensation rather than active buying or selling of stock.