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Sonoco (NYSE: SON) director awarded 657 phantom stock units

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Form Type
4

Rhea-AI Filing Summary

Istavridis Eleni reported acquisition or exercise transactions in this Form 4 filing.

Sonoco Products Company director Eleni Istavridis received a grant of 657.1 Phantom Stock Units. Each unit is the economic equivalent of one share of Sonoco common stock and was valued at $55.17 per unit. Following this award, she holds 15,478.5 phantom stock units. These units were accrued under the company’s directors deferred compensation plan and will be settled in Sonoco common stock six months after her retirement.

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Insider Istavridis Eleni
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock Units 657.1 $55.17 $36K
Holdings After Transaction: Phantom Stock Units — 15,478.5 shares (Direct)
Footnotes (1)
  1. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock. 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.
Phantom stock units granted 657.1 units Grant to director on April 1, 2026
Implied unit value $55.17 per unit Valuation used for phantom stock award
Total phantom units after grant 15,478.5 units Director’s phantom stock balance following transaction
Share equivalence 1 unit = 1 share Each phantom stock unit equals one Sonoco common share economically
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
"accrued under the Sonoco Products Company directors deferred compensation plan"
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share"
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)
04/01/2026		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)04/01/2026A657.1 (2) (2)Common Stock657.1$55.1715,478.5D
Explanation of Responses:
1. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
2. 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.
By: Elizabeth R. Kremer - Power of Attorney for Eleni Istavridis04/02/2026
** 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 on this Form 4?

She reported receiving 657.1 Phantom Stock Units as a compensation award. Each unit equals one share of Sonoco common stock economically, increasing her total phantom stock balance to 15,478.5 units under the directors deferred compensation plan.

What are Phantom Stock Units in the Sonoco (SON) Form 4 filing?

Phantom Stock Units are deferred compensation instruments whose value mirrors Sonoco common stock. Each unit is the economic equivalent of one share, allowing directors to track the company’s stock performance without immediate share issuance until settlement after retirement.

How many Phantom Stock Units did the Sonoco (SON) director receive?

Director Eleni Istavridis received 657.1 Phantom Stock Units in this transaction. The award was priced at $55.17 per unit, bringing her total phantom stock holdings to 15,478.5 units under Sonoco’s directors deferred compensation plan.

When will the Sonoco (SON) Phantom Stock Units be settled?

The Phantom Stock Units will be settled in Sonoco common stock six months after the director’s retirement. Until then, they function as deferred compensation, economically tracking the value of Sonoco’s common shares over time.

Does the Sonoco (SON) Form 4 show a purchase or a grant?

The Form 4 reflects a grant or award acquisition of Phantom Stock Units, not an open-market purchase. The transaction code is “A,” indicating a compensation-related award rather than a market trade in Sonoco common stock.