Sonoco (SON) Director Theresa J. Drew Receives Phantom Stock Award

What Happened Theresa J. Drew, a director of Sonoco Products Company (SON), received 248.3 shares of phantom stock (derivative award) on 2026-09-10. The award is recorded at $48.43 per share for a total value of $12,025. This was an award under a directors' deferred compensation arrangement (code A), not an open-market purchase or sale.

Key Details

• Transaction date and terms: 2026-09-10 — 248.3 phantom shares @ $48.43 each; total value $12,025.
• Transaction type/code: Award/Grant (A); derivative security (phantom stock).
• Filing date: Form 4 filed 2026-09-14 — appears timely (filed on the second business day after the transaction).
• Shares owned after transaction: Not shown in the provided excerpt.
• Footnotes:
  • F1: Each phantom share equals the economic equivalent of one share of Sonoco common stock.
  • F2: These phantom shares were acquired via the quarterly dividend on Sonoco’s directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.

Context This is a routine director compensation award (deferred compensation) rather than a market transaction indicating buying or selling sentiment. Phantom stock awards represent future economic exposure to the company’s common stock but are typically settled in cash or stock upon separation from service.