SON Form 4: 842.2 Phantom Stock Units Accrued for Director Guillemot

Rhea-AI Filing Summary

Philippe Guillemot, a director of Sonoco Products Co. (SON), reported a transaction dated 10/01/2025 on a Form 4. The filing shows 842.2 phantom stock units were accrued under the company's directors deferred compensation plan; each unit is the economic equivalent of one share of Sonoco common stock. The units carry a reported per‑unit value of $43.04 and are to be settled in Sonoco common stock six months after the reporting person's retirement. After this accrual, the filing reports 26,602.1 shares (or equivalents) beneficially owned by the reporting person. The Form 4 was submitted via power of attorney and dated 10/02/2025.

Positive

• 842.2 phantom stock units accrued aligns director compensation with company equity
• Phantom units are explicitly tied to common stock, providing transparent settlement terms

Negative

• Settlement in common stock (six months after retirement) will convert 842.2 units into shares, increasing outstanding share equivalents
• Form 4 reveals a post‑retirement equity settlement obligation that could dilute existing shareholders when settled

Insights

Corporate Governance Analyst

Director accrued 842.2 phantom units under deferred compensation; settlement in shares is scheduled post‑retirement.

The filing documents an accrual of 842.2 phantom stock units on 10/01/2025 under Sonoco's directors deferred compensation plan; each unit is stated as the economic equivalent of one common share. The units are to be settled in common stock six months after retirement, which converts a deferred cash/economic right into equity at settlement.

This action aligns the director's compensation with shareholder equity by design, and it also creates a defined issuance path for 842.2 shares (or equivalents) at settlement. The report was filed by power of attorney on 10/02/2025.

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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Guillemot Philippe

(Last) (First) (Middle)

ONE NORTH SECOND ST

P O BOX 160

(Street)

HARTSVILLE SC 29551-0160

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)	10/01/2025		A		842.2		(2)	(2)	Common Stock	842.2	$43.04	26,602.1	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.

	Elizabeth R Kremer Power of Attorney for Philippe Guillemot	10/02/2025
	** 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.

FAQ

Who filed the Form 4 for Sonoco (SON)?

The Form 4 was filed on behalf of Philippe Guillemot, a director of Sonoco Products Company.

What security was reported on the Sonoco Form 4 dated 10/01/2025?

The filing reports 842.2 phantom stock units, each the economic equivalent of one share of Sonoco common stock.

When will the phantom stock units be settled into Sonoco common stock?

The units are to be settled in Sonoco common stock six months after the reporting person's retirement.

What value was reported for the phantom stock units?

The filing shows a per‑unit price/value of $43.04 for the phantom stock units.

How many total shares or equivalents does the reporting person own after the transaction?

The Form 4 reports 26,602.1 shares (or equivalents) beneficially owned following the reported transaction.