Drew Theresa J 4

What Happened Theresa J. Drew, a director of Sonoco Products Co. (SON), was granted 657.1 phantom stock units (derivative award) on 2026-04-01. The units are valued at $55.17 each for a total economic value of approximately $36,252. This was an award/acquisition under a director deferred compensation program rather than an open-market purchase.

Key Details

• Transaction date: 2026-04-01; grant price (unit value) reported as $55.17 per phantom unit.
• Amount: 657.1 phantom stock units; total reported value ≈ $36,252.
• Security type: Derivative (phantom stock units that are economically equivalent to common shares).
• Settlement terms: Units accrued under the directors' deferred compensation plan and will be settled in Sonoco common stock six months after the reporting person’s retirement (per filing footnotes).
• Filing: SEC Form 4 filed 2026-04-02 (timely).
• Shares owned after transaction: Not specified in the provided filing.

Context Phantom stock units are a form of deferred compensation that mirror the economic value of common shares but are typically settled later in stock (here, six months after retirement). Such awards are compensation-related and do not represent an immediate market purchase or sale, so they should not be read as a direct market sentiment signal. This transaction is routine director compensation, not a 10% owner or executive open-market trade.