DAVIES PAMELA LEWIS 4
4 · SONOCO PRODUCTS CO · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Sonoco (SON) Director Pamela Davies Receives Award of 753 Shares
What Happened
Pamela Lewis Davies, a director of Sonoco Products Company, was credited with an award/acquisition of 752.9 phantom shares on June 10, 2026. The unit price reported is $48.99, for a total economic value of $36,885. This was an award under Sonoco’s directors' deferred compensation plan (a derivative/phantom stock grant), not an open-market purchase or sale.
Key Details
- Transaction date and terms: 2026-06-10 — 752.9 phantom shares @ $48.99 each, total $36,885 (transaction code A: award/acquisition).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes:
- Each phantom share equals the economic equivalent of one share of Sonoco common stock.
- The units were credited as a quarterly dividend election under the directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.
- Filing timeliness: Form 4 was filed on 2026-06-12 for a 2026-06-10 transaction — appears timely (Form 4 is typically due within two business days).
Context
This was a derivative award (phantom stock) tied to a director deferred compensation plan, meaning Davies did not receive tradable common shares immediately. Such awards are routine compensation for directors and do not, by themselves, indicate a buy or sell signal in the open market.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2]2026-06-10$48.99/sh+752.9$36,885→ 69,055.7 total→ Common Stock (752.9 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
- [F2]Acquired on quarterly dividend on Sonoco Products Company's directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.