Drew Theresa J 4

What Happened

• Director Theresa J. Drew received an award (code A) of 645.6 phantom stock units on 2026-07-01, valued at $56.15 per unit for a total reported economic value of $36,250. This transaction is a derivative award (phantom stock), not an open-market purchase.

Key Details

• Transaction date: 2026-07-01; Filing/accession date: 2026-07-06 (filed 5 calendar days after the transaction; appears late relative to the SEC two-business-day Form 4 reporting rule).
• Price/value: $56.15 per phantom share; total reported value $36,250.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: (1) Each phantom share equals the economic equivalent of one share of Sonoco common stock. (2) These phantom stock units were accrued under the Sonoco directors' deferred compensation plan and will be settled in Sonoco common stock six months after the reporting person's retirement.
• Transaction type: Award/Grant of a derivative (phantom stock) — code A.

Context

• Phantom stock units are a form of deferred compensation that track the economic value of company shares; they do not represent immediate share ownership until settlement conditions are met.
• Because this is a compensation award (not a purchase or sale), it should be viewed as standard director compensation rather than a direct bullish or bearish market signal.