Sonoco Products Co: director Boyd Steven L received 747.4 shares

What happened Boyd Steven L, a director, received 747.4 phantom stock units at $48.50 per unit, valued at $36,249, on Oct 1, 2026. The Form 4 lists the transaction as an award/acquisition (derivative).

Key details

• Transaction date and price: Oct 1, 2026; $48.50 per unit.
• Shares owned after the transaction: not reported in the filing.
• Footnotes from the filing:
  • F1: Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
  • F2: The phantom stock units were accrued under the Sonoco Products Company directors deferred compensation plan and are to be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement.
• Filing timeliness: the filing does not indicate it was filed late.

Why it may matter This was a grant of phantom stock units under the directors deferred compensation plan, recorded as a derivative award to be settled in common stock per the plan terms; it was not a market purchase or sale. A filing does not show why the insider traded or why the company acted.