Director at Sonoco (NYSE: SON) receives 657 phantom stock units award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Drew Theresa J reported acquisition or exercise transactions in this Form 4 filing.

Sonoco Products Company director Theresa J. Drew received a grant of 657.1 Phantom Stock Units on April 1, 2026. Each unit is economically equivalent to one share of Sonoco common stock and was awarded under the company’s directors deferred compensation plan.

The phantom stock units will be settled in Sonoco common stock six months after Drew’s retirement. Following this award, she holds 21,384.3 Phantom Stock Units directly, reflecting deferred, stock-linked compensation rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Drew Theresa J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	657.1	$55.17	$36K

Holdings After Transaction: Phantom Stock Units — 21,384.3 shares (Direct)

Footnotes (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: 657.1 units Reference price per unit: $55.17 Total Phantom Stock Units after grant: 21,384.3 units +1 more

4 metrics

Phantom Stock Units granted 657.1 units Grant on April 1, 2026

Reference price per unit $55.17 Indicated transaction price per Phantom Stock Unit

Total Phantom Stock Units after grant 21,384.3 units Holdings following the reported transaction

Underlying common stock equivalent 657.1 shares Each Phantom Stock Unit equals one Sonoco common share economically

Key Terms

Phantom Stock Units, directors deferred compensation plan, settled in Sonoco Products Company common stock, 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"

settled in Sonoco Products Company common stock financial

"are to be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement."

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 04:46 PM

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^*

Drew Theresa J

(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)
04/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	⁽¹⁾	04/01/2026		A		657.1		⁽²⁾	⁽²⁾	Common Stock	657.1	$55.17	21,384.3	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 Theresa J. Drew	04/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Sonoco (SON) director Theresa J. Drew report in this Form 4?

Theresa J. Drew reported receiving 657.1 Phantom Stock Units as a compensation award. These units track Sonoco’s common stock value and increase her deferred, stock-based holdings without involving an open-market purchase or sale of shares.

How many Phantom Stock Units did the Sonoco (SON) director receive?

She received 657.1 Phantom Stock Units at an indicated reference price of $55.17 per unit. Each unit represents the economic value of one Sonoco common share, adding to her deferred equity-linked compensation balance under the directors deferred compensation plan.

What are Phantom Stock Units in the Sonoco (SON) Form 4 filing?

Phantom Stock Units are deferred compensation instruments that mirror Sonoco’s common stock value. Each unit equals one share economically, but no actual share is issued until settlement, which for this award occurs six months after the director’s retirement.

When will Theresa J. Drew’s Sonoco (SON) Phantom Stock Units be settled?

The Phantom Stock Units will be settled in Sonoco common stock six months after her retirement. Until then, they function as bookkeeping entries tied to the share price, accruing as part of the company’s directors deferred compensation plan.

How many Sonoco (SON) Phantom Stock Units does the director hold after this grant?

After the 657.1-unit grant, Theresa J. Drew holds a total of 21,384.3 Phantom Stock Units. This balance represents her accumulated deferred, stock-based compensation that will eventually convert into Sonoco common stock following the plan’s retirement-settlement terms.