Boyd Steven L 4

What Happened
Steven L. Boyd, a director of Sonoco Products Company (SON), was granted 645.6 phantom stock units on 2026-07-01. The units were recorded at $56.15 each for a total economic value of $36,250. This was an award/accrual under the company’s directors’ deferred compensation plan (a derivative grant), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-07-01, 645.6 units at $56.15 each (total $36,250).
• Filing date: Form 4 filed 2026-07-06 (transaction reported for period 2026-07-01).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • Each phantom stock unit is the economic equivalent of one share of Sonoco common stock.
  • 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.
• Transaction type: Derivative award/accrual (code A) — no cash purchase or immediate sale.

Context
Phantom stock units are a form of deferred compensation that mirror the economic value of company shares but typically are not tradable until settlement. Because this is a compensation award (not a market purchase or sale), it should be viewed as routine director compensation rather than a direct signal of insider sentiment.