DAVIES PAMELA LEWIS 4

What Happened
Pamela Lewis Davies, a director of Sonoco Products Co. (SON), was granted 666.1 phantom shares (a derivative award) on 2026-03-10. The award is recorded at $53.29 per share for a total economic value of $35,496. This is an award/acquisition under Sonoco's directors' deferred compensation arrangements (not an open-market purchase).

Key Details

• Transaction date: 2026-03-10; Filing date: 2026-03-11 (timely filing).
• Transaction type: A (Award/Grant — derivative phantom stock).
• Amount: 666.1 phantom shares at $53.29 per share; total value $35,496.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes:
  • F1: Each phantom share is the economic equivalent of one share of Sonoco common stock.
  • F2: These phantom shares were acquired via the quarterly dividend crediting in the directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.

Context
Phantom-share awards are a common form of non-cash director compensation that provide economic exposure to stock without immediate issuance of common shares. Because settlement is deferred until retirement/termination, this transaction does not reflect an immediate open-market buy or sale and does not necessarily signal near-term trading intent.