MCGARVIE BLYTHE J 4

What Happened

• Blythe J. McGarvie, 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. The Form 4 classifies this as an award/acquisition (derivative).

Key Details

• Transaction date and price: 2026-04-01; 657.1 phantom units @ $55.17 each; total value $36,252.
• Transaction type: A (award/grant) — derivative phantom stock units rather than an open-market purchase.
• Shares owned after transaction: Not specified in the filing.
• Filing date: 2026-04-02 (filed the day after the transaction).
• Footnotes:
  • F1: Each phantom stock unit equals the economic equivalent of one Sonoco common share.
  • 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.

Context

• This was a compensation-related award (deferred phantom stock), not a cash purchase or sale. Such grants reflect director pay/deferral mechanics rather than an immediate bullish or bearish trading signal. The units convert to actual shares on the specified settlement timing tied to retirement.