Drew Theresa J 4

What Happened Theresa J. Drew, a director of Sonoco Products Company, was granted 235.7 phantom shares (derivative award) on 2026-06-10. The award is reported at an imputed price of $48.99 per share, for a total value of $11,547. This was an award/acquisition (code A) under the company’s director deferred compensation arrangements—not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-10; Form 4 filed: 2026-06-12 (timely within the two-business-day reporting window).
• Grant: 235.7 phantom shares @ $48.99 each; total value reported $11,547.
• Shares owned after transaction: not specified in the filing.
• Nature of award: derivative/phantom stock (not actual common shares immediately transferable). See footnotes: each phantom share equals the economic equivalent of one common share (F1); these were acquired via a quarterly dividend to the directors’ deferred compensation plan and will be settled on retirement or termination (F2).
• Transaction code: A (award/acquisition).

Context Phantom-stock awards are a form of deferred compensation that track the economic value of common shares but are typically settled in cash or stock at a later date; they do not indicate an immediate purchase or sale of company stock. For directors, such awards are routine compensation rather than a direct signal of personal trading intent.