Sonoco (NYSE: SON) director receives 645.6 phantom stock units as deferred pay

Rhea-AI Filing Summary

Sonoco Products director Pamela Lewis Davies reported receiving a grant of phantom stock units tied to the company’s common stock. She acquired 645.6 phantom stock units at a reference value of $56.15 per unit, each economically equivalent to one share of Sonoco Products common stock.

Following this award, Davies holds a total of 69,701.3 phantom stock units directly. 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, aligning director compensation with long-term shareholder value.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DAVIES PAMELA LEWIS

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	645.6	$56.15	$36K

Holdings After Transaction: Phantom Stock Units — 69,701.3 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.

Key Figures

Phantom stock units granted: 645.6 units Reference price per unit: $56.15 per unit Total phantom units after grant: 69,701.3 units +1 more

4 metrics

Phantom stock units granted 645.6 units Grant on 2026-07-01

Reference price per unit $56.15 per unit Grant valuation reference

Total phantom units after grant 69,701.3 units Holdings following transaction

Underlying common stock equivalence 645.6 shares Each unit equals one share

Key Terms

Phantom Stock Units, directors deferred compensation plan, Form 4, Grant, award, or other acquisition

4 terms

Phantom Stock Units financial

"Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock."

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

"The phantom stock units were 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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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Available on EDGAR 07/06/2026 - 06:03 AM Accepted by SEC EDGAR 07/06/2026 - 06:00 AM Learn about SEC filing dates

FAQ

What insider transaction did SON director Pamela Lewis Davies report?

Pamela Lewis Davies reported receiving a grant of 645.6 phantom stock units. These units are tied to Sonoco Products common stock and represent deferred director compensation that will convert into shares after retirement.

How many phantom stock units does Pamela Lewis Davies hold after this SON transaction?

After this grant, Pamela Lewis Davies holds 69,701.3 phantom stock units. These units mirror Sonoco Products common stock value and are part of the director deferred compensation program, settling in shares after she retires.

What are phantom stock units in the context of Sonoco Products (SON)?

For Sonoco Products, each phantom stock unit is economically equivalent to one share of common stock. They track the share price but are part of a deferred compensation plan, settling in actual stock at a future date rather than immediately.

When will Pamela Lewis Davies’ SON phantom stock units be settled in common stock?

The phantom stock units will be settled in Sonoco Products common stock six months after her retirement. This timing links director compensation to the company’s long-term performance instead of providing immediate cash or stock payouts.

Was this SON insider transaction a market purchase or sale of shares?

No, this was not a market purchase or sale. Pamela Lewis Davies received a grant of phantom stock units as compensation, recorded with transaction code A for an award or other acquisition, under Sonoco’s directors deferred compensation plan.

SEC Form 4

FORM 4

UNITED 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^*

DAVIES PAMELA LEWIS

(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)

X	Director		10% 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)

X	Form 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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	(1)	07/01/2026		A		645.6		(2)	(2)	Common Stock	645.6	$56.15	69,701.3	D

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 Pamela L. Davies	07/03/2026
	** Signature of Reporting Person	Date
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)