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Sonoco (SON) executive receives 258.5 dividend-equivalent restricted stock units

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

Rhea-AI Filing Summary

Sonoco Products executive James A. Harrell III received a grant of dividend equivalents tied to restricted stock units. He acquired 258.5 dividend-equivalent units, each economically equivalent to one share of Sonoco common stock, at a reference price of $48.99 per unit.

These quarterly dividend-equivalent rights on restricted stock will be settled in common stock when he retires or otherwise leaves the company. Following this award, his directly held dividend-equivalent units total 8,342.9, reflecting routine, compensation-related equity accrual rather than an open-market trade.

Positive

  • None.

Negative

  • None.
Insider Harrell James A. III
Role Pres. Global Ind. Paper Pkg.
Type Security Shares Price Value
Grant/Award Dividend Equivalents on Restricted Stock Units 258.5 $48.99 $13K
Holdings After Transaction: Dividend Equivalents on Restricted Stock Units — 8,342.9 shares (Direct, null)
Footnotes (1)
  1. Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock Acquired quarterly dividend equivalent rights on Restricted Stock which will be settled upon the reporting person's retirement or other termination of service.
Dividend-equivalent units granted 258.5 units Grant of dividend equivalents on restricted stock units
Reference price per unit $48.99 per unit Transaction price for dividend-equivalent units
Total units after transaction 8,342.9 units Dividend-equivalent units held directly after award
Underlying common stock equivalents 258.5 shares Each unit equal to one Sonoco common share
Dividend equivalents financial
"Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Restricted Stock Units financial
"Dividend Equivalents on Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
economic equivalent financial
"is the economic equivalent of one share of Sonoco Products Company common stock"
equity compensation financial
"These awards are part of his equity compensation and mirror Sonoco common stock"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
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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*
Harrell James A. III
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Pres. Global Ind. Paper Pkg.
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
Dividend Equivalents on Restricted Stock Units(1)06/10/2026A258.5 (2) (2)Common Stock258.5$48.998,342.9D
Explanation of Responses:
1. Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock
2. Acquired quarterly dividend equivalent rights on Restricted Stock which will be settled upon the reporting person's retirement or other termination of service.
By: Elizabeth R. Kremer - Power of Attorney for James A. Harrell, III06/12/2026
** 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) executive James A. Harrell III report in this Form 4?

James A. Harrell III reported receiving 258.5 dividend equivalents on restricted stock units. These awards are part of his equity compensation and mirror Sonoco common stock, increasing his total directly held dividend-equivalent units to 8,342.9 after the transaction.

Is the Sonoco (SON) Form 4 transaction a stock purchase or sale?

The Form 4 shows an acquisition through a grant, not a market purchase or sale. Harrell received dividend-equivalent rights on restricted stock units as compensation, rather than buying shares in the open market or selling existing holdings.

How many dividend-equivalent units did the Sonoco (SON) executive acquire?

Harrell acquired 258.5 dividend-equivalent units on restricted stock. Each unit is economically equivalent to one share of Sonoco common stock, and the award increases his cumulative dividend-equivalent position rather than reflecting an open-market trade.

What is the value reference for the Sonoco (SON) dividend-equivalent grant?

The grant was recorded at a reference price of $48.99 per unit. While this price anchors the reported value for disclosure, the dividend-equivalent units themselves represent deferred equity-linked compensation rather than cash or immediate tradable shares.

When will the Sonoco (SON) dividend-equivalent units be settled?

The dividend-equivalent rights will be settled upon Harrell’s retirement or other termination of service. At that time, the restricted stock-related units convert into Sonoco common stock, aligning the executive’s compensation with long-term shareholder value over his tenure.