Istavridis Eleni 4

What Happened

• Eleni Istavridis, a director of Sonoco Products Company (SON), received an award/acquisition of 170.6 phantom shares on 2026-06-10. The award was priced at $48.99 per share for a total economic value of $8,358. This was an award (transaction code A) of a derivative security (phantom stock), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-06-10 — 170.6 phantom shares @ $48.99 each (total $8,358).
• Transaction type: A (Grant/award/acquisition) of a derivative (phantom stock).
• Shares owned after transaction: Not specified in the provided Form 4 excerpt.
• Footnotes:
  • F1: Each phantom share is the economic equivalent of one share of Sonoco common stock.
  • F2: Shares were acquired via the quarterly dividend under Sonoco's directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.
• Filing timeliness: Report filed 2026-06-12 for a 2026-06-10 transaction (appears timely under the Form 4 two-business-day rule).

Context

• These phantom shares are a deferred, derivative award that mirror the economic value of Sonoco common stock but are settled in the future (typically at retirement or termination). They do not represent immediate delivery of common shares or an open-market purchase and therefore do not directly signal near-term buying or selling intent.