Sonoco (SON) Director Pamela Davies Receives Phantom Stock Award

What Happened Pamela Lewis Davies, a director of Sonoco Products Company, was awarded 777.2 phantom shares (derivative award) on 2026-09-10. The award is reported at an imputed price of $48.43 per share for a total value of approximately $37,640. This was an award/acquisition (code A) tied to the company’s directors’ deferred compensation arrangements rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-09-10; filing date: 2026-09-14 (filed on time).
• Instrument: Phantom stock (derivative); transaction code A (award/acquisition).
• Quantity & value: 777.2 phantom shares × $48.43 = ~$37,640 aggregate.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — each phantom share equals the economic equivalent of one common share; F2 — these phantom shares were acquired via the quarterly dividend election on the directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.

Context This is a routine deferred compensation award for a director, not an outright purchase of common stock. Because these are phantom shares, they represent an economic right that will convert to cash or stock upon settlement (per the plan) rather than immediate market ownership. Such awards are common for board compensation and do not necessarily signal a change in insider sentiment.