Sonoco Director Steven Boyd Receives 124 Phantom Shares

What Happened

• Steven L. Boyd, a director of Sonoco Products Company (SON), was granted 124 phantom shares as an award on September 10, 2026. The grant is recorded at $48.43 per share for a total economic value of $6,005. This was an award/acquisition under a deferred-compensation arrangement, not an open-market purchase.

Key Details

• Transaction type: Award/Grant (derivative phantom shares)
• Transaction date and price: 2026-09-10; 124 shares @ $48.43 each = $6,005 total
• Shares owned after transaction: Not specified in the filing
• Footnotes: F1 — Each phantom share equals the economic equivalent of one share of Sonoco common stock. F2 — The phantom shares were acquired under the directors' deferred compensation plan (quarterly dividend credit) and will be settled upon Boyd’s retirement or other termination of service.
• Filing timeliness: Report filed on 2026-09-14 (four days after the transaction date), which is beyond the typical two-business-day Form 4 deadline.

Context

• These phantom-share grants represent deferred compensation that will be settled later; they do not immediately convert to tradable stock and therefore are not an immediate market buy or sell signal. Such grants are routine for director compensation and reflect plan-driven remuneration rather than active market timing.