Istavridis Eleni 4

What Happened Eleni Istavridis, a director of Sonoco Products Company (SON), was granted 657.1 phantom stock units on 2026-04-01 at an implied value of $55.17 per unit, for a total economic value of $36,252. This was an award/acquisition of derivative units (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-04-01; Filing date: 2026-04-02 (timely filing).
• Award: 657.1 phantom stock units; implied price/value: $55.17 per unit; total value: $36,252.
• Nature: Derivative award — each phantom stock unit equals the economic equivalent of one share of Sonoco common stock (Footnote F1).
• Settlement: 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 (Footnote F2).
• Shares owned after transaction: Not specified in the filing.
• No indication of sale, exercise, or 10b5-1 plan in this filing.

Context These phantom stock units are a form of deferred compensation for directors and do not represent an immediate purchase or sale of common stock. They simply entitle the director to an economic equivalent of shares, with actual stock settlement delayed per the plan terms. Such awards are routine for board compensation and do not, by themselves, indicate an insider buying or selling for investment purposes.