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Sonoco counsel granted dividend and phantom units

A senior officer at Sonoco Products Co received additional stock-based units tied to SON common stock that will settle at retirement or other termination of service.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

For Sonoco Products Co (SON), officer John M. Florence, who serves as Gnl Council, Secy, VP, reported two equity-based compensation acquisitions on September 10, 2026. He received 420.4000 Dividend Equivalents on Restricted Stock Units and 535.8000 Phantom Stock Units, each economically equivalent to one share of Sonoco common stock and to be settled upon retirement or other termination of service. Following these awards, his direct holdings total 5,153.9000 Dividend Equivalent units and 48,575.7000 Phantom Stock Units; no Rule 10b5-1 trading plan is reported.

Positive

  • None.

Negative

  • None.
Insider Florence John M
Role Gnl Council, Secy, VP
Type Security Shares Price Value
Grant/Award Dividend Equivalents on Restricted Stock Units F1, F2 420.4 $48.43 $20K
Grant/Award Phantom Stock Units F3, F4 535.8 $48.43 $26K
Holdings After Transaction: Dividend Equivalents on Restricted Stock Units — 5,153.9 contracts (Direct); Phantom Stock Units — 48,575.7 contracts (Direct)
Footnotes (4)
  1. F1. Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock
  2. F2. Acquired quarterly dividend equivalent rights on Restricted Stock which will be settled upon the reporting person's retirement or other termination of service.
  3. F3. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
  4. F4. Acquired on quarterly dividend on Sonoco Products Company's officers' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.
Dividend Equivalents granted 420.4000 units Dividend Equivalents on Restricted Stock Units acquired September 10, 2026
Phantom Stock Units granted 535.8000 units Phantom Stock Units acquired September 10, 2026
Unit reference price $48.4300 per unit Reported price field for both derivative awards
Dividend Equivalent units after transaction 5,153.9000 units Direct holdings of Dividend Equivalents following September 10, 2026 award
Phantom Stock Units after transaction 48,575.7000 units Direct holdings of Phantom Stock Units following September 10, 2026 award
Conversion or exercise price $0.0000 Both derivative awards carry a stated conversion or exercise price of zero
Dividend Equivalents on Restricted Stock Units financial
"Each share of Dividend equivalents on Restricted Stock units is the economic"
Restricted Stock Units financial
"Dividend equivalents on Restricted Stock units is the economic equivalent"
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.
Phantom Stock Units financial
"Each share of phantom stock is the economic equivalent of one share"
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.
deferred compensation plan financial
"quarterly dividend on Sonoco Products Company's officers' deferred compensation plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did SON report for John M. Florence on September 10, 2026?

On September 10, 2026, John M. Florence reported two equity-based awards: 420.4000 Dividend Equivalents on Restricted Stock Units and 535.8000 Phantom Stock Units, each economically equivalent to one share of Sonoco Products Company common stock and settling at retirement or other termination of service.

How many Dividend Equivalent units in SON does John M. Florence hold after this Form 4?

After the reported transaction, John M. Florence directly holds 5,153.9000 Dividend Equivalents on Restricted Stock Units, each described as the economic equivalent of one share of Sonoco Products Company common stock, to be settled upon his retirement or other termination of service.

How many Phantom Stock Units in SON does John M. Florence hold after this filing?

Following the September 10, 2026 award, John M. Florence directly holds 48,575.7000 Phantom Stock Units. Each share of phantom stock is stated to be the economic equivalent of one share of Sonoco Products Company common stock and will be settled upon retirement or other termination of service.

Were the SON awards to John M. Florence market purchases or compensation grants?

The Form 4 describes both transactions with code A as a grant, award, or other acquisition of derivative securities (Dividend Equivalents and Phantom Stock Units), indicating they are compensation-related awards rather than open-market purchases or sales of Sonoco Products Company common stock.

Does this SON Form 4 indicate a Rule 10b5-1 trading plan for John M. Florence?

No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no disclosure in the footnotes stating that the September 10, 2026 transactions were made pursuant to a Rule 10b5-1 trading plan or similar pre-arranged trading arrangement.

What is the economic relationship between the SON units and common stock in this Form 4?

Footnotes state that each Dividend Equivalent on Restricted Stock Units and each Phantom Stock Unit is the economic equivalent of one share of Sonoco Products Company common stock, with settlement to occur upon John M. Florence’s retirement or other termination of service.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
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*
Florence John M

(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)
Gnl Council, Secy, VP
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026
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$0.0000(1)09/10/2026A420.4 (2) (2)Common Stock420.4$48.435,153.9D
Phantom Stock Units$0.0000(3)09/10/2026A535.8 (4) (4)Common Stock535.8$48.4348,575.7D
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.
3. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
4. Acquired on quarterly dividend on Sonoco Products Company's officers' 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 M. Florence09/14/2026
** 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)

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