DAVIES PAMELA LEWIS 4

What Happened

• Pamela Lewis Davies, a director of Sonoco Products Company, was credited with 645.6 phantom stock units on 2026-07-01 at an implied price of $56.15 per unit, for a total value of about $36,250. The transaction is reported as an award/grant (code A) and is a derivative (phantom stock), not an open-market purchase.

Key Details

• Transaction date: 2026-07-01; Filing date (Form 4): 2026-07-06 (filed 5 days after the transaction; appears later than the typical 2-business-day reporting window)
• Amount/value: 645.6 phantom stock units @ $56.15 = $36,250 (approx.)
• Transaction type/code: Grant/Award (A); derivative instrument (phantom stock)
• Shares owned after transaction: Not disclosed in this filing
• Footnotes: F1 — each phantom stock unit equals the economic equivalent of one common share; F2 — units were accrued under the directors’ deferred compensation plan and will be settled in Sonoco common stock six months after the director’s retirement

Context

• Phantom stock units are a form of deferred compensation: they track the economic value of shares but typically do not confer current voting rights or deliver actual stock until settlement. Such awards are common for board compensation and are different from open-market purchases, so they should not be interpreted as a direct buy signal. Investors should consider this filing alongside other insider activity and company disclosures.