Sonoco (SON) Director John R. Haley Receives Phantom Stock Award

What Happened
John R. Haley, a director of Sonoco Products Company, was granted 965.9 phantom shares (derivative award) on 2026-09-10 at an economic value of $48.43 each, totaling $46,779. This was an award/acquisition under the company’s directors' deferred compensation plan, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-10; Report filed: 2026-09-14 (Form 4 accession 0001225208-26-007802).
• Award: 965.9 phantom shares at $48.43 per unit; aggregate value reported $46,779.
• Nature of instrument: Phantom stock — a derivative whose value tracks one share of Sonoco common stock (Footnote F1).
• Vesting/settlement: These units were credited via the plan’s quarterly dividend mechanism and will be settled upon the reporting person’s retirement or other termination of service (Footnote F2).
• Shares owned after transaction: Not reported as immediate common-stock ownership; beneficial ownership in actual shares will depend on future settlement.
• Filing timeliness: Filing shows the report date and transaction date; the filing does not indicate a specific timeliness exception in the public footnotes.

Context
Phantom stock awards are a deferred-compensation mechanism that provide economic exposure to company stock without immediate issuance of shares. They do not represent an immediate purchase (a bullish signal) nor a sale; instead they reflect compensation or deferral of director pay and will convert or be paid out per plan terms when settled.