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Sonoco (SON) director Haley awarded 924.8 phantom stock units via dividend credit

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

Rhea-AI Filing Summary

Haley John R reported acquisition or exercise transactions in this Form 4 filing.

Sonoco Products Company director John R. Haley received a grant of 924.8 Phantom Stock Units on the company’s directors’ deferred compensation plan. Each unit is the economic equivalent of one share of Sonoco common stock and was credited based on a quarterly dividend.

Following this grant, Haley holds a total of 84,728.6 Phantom Stock Units. These units are designed for long-term compensation and will be settled in connection with his retirement or other termination of board service, rather than through near-term market transactions.

Positive

  • None.

Negative

  • None.
Insider Haley John R
Role null
Type Security Shares Price Value
Grant/Award Phantom Stock Units 924.8 $48.99 $45K
Holdings After Transaction: Phantom Stock Units — 84,728.6 shares (Direct, null)
Footnotes (1)
  1. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock. Acquired on quarterly dividend on Sonoco Products Company's directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.
Phantom units granted 924.8 units Grant tied to quarterly dividend on directors’ deferred compensation plan
Unit reference price $48.9900 per unit Reference price for Phantom Stock Units on grant date
Total phantom units after grant 84,728.6 units Director John R. Haley’s phantom stock holdings following this transaction
Economic equivalence ratio 1 unit : 1 share Each Phantom Stock Unit equals one Sonoco common share economically
Transaction date 2026-06-10 Date the Phantom Stock Units were credited
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
"Acquired on quarterly dividend on Sonoco Products Company's directors' deferred compensation plan and will be settled upon the reporting person's retirement..."
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock."
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
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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*
Haley John R
(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)
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
Phantom Stock Units(1)06/10/2026A924.8 (2) (2)Common Stock924.8$48.9984,728.6D
Explanation of Responses:
1. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
2. Acquired on quarterly dividend on Sonoco Products Company's directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.
By: Elizabeth R. Kremer - Power of Attorney for John R. Haley06/12/2026
** 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) director John R. Haley report in this Form 4?

John R. Haley reported receiving 924.8 Phantom Stock Units tied to Sonoco’s directors’ deferred compensation plan. The units were credited based on a quarterly dividend and increase his total phantom stock holdings for long-term compensation purposes.

How many Phantom Stock Units does John R. Haley now hold in Sonoco (SON)?

After the latest grant, John R. Haley holds 84,728.6 Phantom Stock Units. These units mirror the economic value of Sonoco common shares and are intended to be settled when he retires or otherwise leaves the board.

What are Phantom Stock Units in the context of Sonoco (SON)?

Phantom Stock Units are bookkeeping entries whose value equals one Sonoco common share each. They track the stock’s economic performance for compensation but generally do not involve immediate share issuance, instead settling at retirement or termination of service.

How was the 924.8-unit phantom stock grant to Sonoco (SON) director Haley determined?

The 924.8 Phantom Stock Units were acquired in connection with a quarterly dividend on Sonoco’s directors’ deferred compensation plan. This mechanism credits additional phantom units instead of paying the dividend in current cash to the director.

When will John R. Haley’s Sonoco (SON) Phantom Stock Units be settled?

The filing states Haley’s Phantom Stock Units will be settled upon his retirement or other termination of service from Sonoco’s board. This timing design supports long-term alignment with shareholders rather than short-term trading activity.