Istavridis Eleni 4

What Happened
Eleni Istavridis, a director of Sonoco Products Company, was granted 645.6 phantom stock units on 2026-07-01. The units were recorded at $56.15 each for a total value of $36,250. This was an award of derivative phantom stock (transaction code "A") — a compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-06 (period of report 2026-07-01).
• Grant: 645.6 phantom stock units at $56.15 each; aggregate value $36,250.
• Transaction type/code: Award (A) — derivative phantom stock units.
• Shares owned after transaction: not reported in the provided filing.
• Footnotes:
  • F1 — Each phantom stock unit equals the economic equivalent of one share of Sonoco common stock.
  • F2 — Units were accrued under the directors' deferred compensation plan and will be settled in common stock six months after the reporting person's retirement.
• Timeliness: Filing was made five days after the transaction date; Form 4 is normally due within two business days, so this appears later than typical.

Context
Phantom stock is a deferred-compensation vehicle that mirrors the economic value of common shares but is a derivative award until settled. Settlement here is specified to occur in common stock six months after the director's retirement, so these units do not represent immediate open-market buying or selling and should be viewed as compensation rather than a direct market sentiment signal.