Sonoco (SON) Director Eleni Istavridis Receives Award of 181.7 Shares

What Happened

• Director Eleni Istavridis was credited with 181.7 phantom shares (derivative award) on 2026-09-10 at a per-share value of $48.43, a total economic value of roughly $8,800. This was recorded as an award (transaction code A) — a compensation credit, not an open‑market purchase or sale.

Key Details

• Transaction date and price: 2026-09-10 — 181.7 shares @ $48.43 each.
• Total reported value: approximately $8,800.
• Shares owned after transaction: not specified in the filing.
• Footnotes: (1) Each phantom share equals the economic equivalent of one Sonoco common share. (2) These phantom shares were credited as part of the quarterly dividend on the directors' deferred compensation plan and will be settled when the director retires or otherwise terminates service.
• Filing timeliness: Transaction dated 9/10/2026, Form 4 filed 9/14/2026 — filed within the two business‑day window (timely).

Context

• This was a routine compensation award (phantom stock) tied to the directors' deferred compensation plan, not an indicator of an immediate cash purchase or sale. Phantom shares typically mirror economic exposure but are settled later (cash or stock per plan terms), so they are standard director compensation rather than an active bet on the stock.