Haley John R 4

What Happened

• John R. Haley, a director of Sonoco Products Company (SON), was granted 1,803.2 phantom stock units on July 1, 2026. The units are recorded at a per-unit value of $56.15, for a total economic value of $101,250. This was an award/accrual under the company’s directors deferred compensation plan (a derivative award), not an open-market purchase.

Key Details

• Transaction date: 2026-07-01; Filing date: 2026-07-06 (filed 5 days after the transaction; Form 4 is generally due within 2 business days).
• Award type/code: A (grant/award or other acquisition); derivative instrument (phantom stock).
• Units and value: 1,803.2 phantom stock units @ $56.15 = $101,250.
• Shares owned after transaction: Not reported on the supplied data.
• Footnotes:
  • Each phantom stock unit equals 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 director’s retirement.

Context

• Phantom stock units are a form of deferred compensation tied to the company’s share price; they do not represent immediate open-market purchases and therefore are not a direct “insider buy” signal. They generally reflect compensation or deferral elections by directors and will convert to actual shares (or cash tied to share value) only under the plan’s settlement terms.