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Sonoco (SON) director granted 171 phantom stock units as dividend

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Sonoco Products Company director Eleni Istavridis reported an acquisition of phantom stock units linked to the company’s common stock. She received 170.6000 phantom stock units on a grant classified as a compensation-related award, bringing her total phantom stock holdings to 15649.1000 units.

Each phantom stock unit is the economic equivalent of one share of Sonoco common stock. According to the directors’ deferred compensation plan, these units were acquired through a quarterly dividend and will be settled when she retires or otherwise leaves board service.

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Insider Istavridis Eleni
Role null
Type Security Shares Price Value
Grant/Award Phantom Stock Units 170.6 $48.99 $8K
Holdings After Transaction: Phantom Stock Units — 15,649.1 shares (Direct, null)
Footnotes (1)
  1. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock. Acquired on quarterly dividend on Sonoco Products Company's directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.
Phantom stock units granted 170.6000 units Grant on 2026-06-10 classified as acquisition
Phantom stock units after grant 15649.1000 units Total phantom stock holdings following transaction
Reference price per unit $48.9900 per unit Price field associated with phantom stock grant
Phantom Stock Units financial
"security_title: Phantom Stock Units"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
directors' deferred compensation plan financial
"Acquired on quarterly dividend on Sonoco Products Company's directors' deferred compensation plan"
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Istavridis Eleni
(Last)(First)(Middle)
ONE NORTH SECOND ST
P O BOX 160
(Street)
HARTSVILLE SOUTH CAROLINA 29551-0160
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
SONOCO PRODUCTS CO [ SON ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)06/10/2026A170.6 (2) (2)Common Stock170.6$48.9915,649.1D
Explanation of Responses:
1. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
2. Acquired on quarterly dividend on Sonoco Products Company's directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.
By: Elizabeth R. Kremer - Power of Attorney for Eleni Istavridis06/12/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Sonoco (SON) director Eleni Istavridis report in this Form 4?

Eleni Istavridis reported acquiring 170.6000 phantom stock units. These units are tied to Sonoco Products Company common stock and were received as a grant, increasing her total phantom stock position to 15649.1000 units under the directors’ deferred compensation framework.

What are phantom stock units in the Sonoco (SON) director filing?

The phantom stock units are instruments whose value equals one share of Sonoco common stock each. They track the economic performance of the stock but are settled later in cash or shares according to the company’s plan terms described for directors’ deferred compensation.

How many phantom stock units did the Sonoco (SON) director acquire?

The director acquired 170.6000 phantom stock units in this transaction. After this grant, her total phantom stock holdings increased to 15649.1000 units, reflecting her accumulated participation in Sonoco Products Company’s directors’ deferred compensation arrangements over time.

How was the Sonoco (SON) director’s phantom stock grant determined?

The phantom stock grant arose from a quarterly dividend under Sonoco Products Company’s directors’ deferred compensation plan. The filing states the units were acquired on a quarterly dividend, aligning the director’s compensation with shareholder dividend activity on the company’s common stock.

When will the Sonoco (SON) phantom stock units be settled for the director?

The phantom stock units will be settled when the director retires or otherwise terminates service. The filing explains that settlement occurs upon the reporting person’s retirement or other termination of service under Sonoco Products Company’s directors’ deferred compensation plan provisions.