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Sonoco (SON) director awarded 646 phantom stock units as compensation

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 compensation grant of phantom stock units. On 2026-07-01, she was awarded 645.6 phantom stock units tied to Sonoco common stock at a reference value of $56.15 per unit.

Each phantom stock unit is economically equivalent to one share of common stock and is accrued under Sonoco’s directors deferred compensation plan. After this award, Istavridis holds a total of 16,294.7 phantom stock units, which will be settled in common stock six months after her retirement.

Positive

  • None.

Negative

  • None.
Insider Istavridis Eleni
Role null
Type Security Shares Price Value
Grant/Award Phantom Stock Units 645.6 $56.15 $36K
Holdings After Transaction: Phantom Stock Units — 16,294.7 shares (Direct, null)
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 645.6 units Grant on 2026-07-01 to director Eleni Istavridis
Reference price per unit $56.15 per unit Value used for 645.6 phantom stock units grant
Total phantom units after grant 16,294.7 units Director’s phantom stock balance following the award
Transaction code A Grant, award, or other acquisition of derivative security
Transaction direction acquire Non-market grant of phantom stock units to director
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.
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share"
directors deferred compensation plan financial
"accrued under the Sonoco Products Company directors deferred compensation plan"
A directors deferred compensation plan lets a board member postpone receiving part or all of their cash fees or stock-based pay until a future date, often retirement, allowing taxes to be delayed and payouts to be structured over time. Investors care because these plans change a company’s future cash obligations and reveal how the board’s pay is aligned with long-term performance—like choosing to take a paycheck later to tie personal reward to the company’s future results.
settled in common stock financial
"are to be settled in 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)
07/01/2026		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)07/01/2026A645.6 (2) (2)Common Stock645.6$56.1516,294.7D
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 Istavridis07/03/2026
** 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?

She reported receiving 645.6 phantom stock units as a compensation award. These units are linked to Sonoco common stock and increase her total phantom stock holdings, rather than reflecting an open-market purchase or sale of shares.

How many phantom stock units does the Sonoco (SON) director hold after this transaction?

After the award, Eleni Istavridis holds 16,294.7 phantom stock units. This total reflects accumulated grants under Sonoco’s directors deferred compensation plan, all economically equivalent to the same number of shares of Sonoco common stock.

What are phantom stock units in the Sonoco (SON) director’s compensation?

Each phantom stock unit is the economic equivalent of one Sonoco common share. They track the value of Sonoco stock but are part of a deferred compensation plan, ultimately settled in actual shares at a defined future time.

When will the Sonoco (SON) phantom stock units be settled into common stock?

The phantom stock units are scheduled to be settled in Sonoco common stock six months after the director’s retirement. This timing is part of the company’s directors deferred compensation plan structure, delaying delivery of actual shares.

Was this Sonoco (SON) Form 4 a stock purchase or sale on the open market?

No, it reflects a grant of phantom stock units as compensation, not an open-market trade. The units were accrued under Sonoco’s directors deferred compensation plan and do not represent a traditional stock purchase or sale.

What transaction code was used in the Sonoco (SON) Form 4 filing?

The filing uses transaction code “A,” indicating a grant, award, or other acquisition. In this case it records 645.6 phantom stock units granted to the director under the deferred compensation plan, rather than a market transaction.