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Sonoco (SON) director awarded 906 Phantom Stock Units as deferred compensation

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

Rhea-AI Filing Summary

Clark Scott A reported acquisition or exercise transactions in this Form 4 filing.

Sonoco Products Company director Scott A. Clark received a grant of 906.3 Phantom Stock Units, each economically equivalent to one share of Sonoco Products Company common stock. These units were accrued under the company’s directors deferred compensation plan at a reference price of $55.17 per unit.

The phantom stock units are to be settled in Sonoco Products Company common stock six months after Clark’s retirement, aligning his interests with long-term shareholder value. Following this grant, his reported balance in this phantom stock account increased to 2,044.4 units.

Positive

  • None.

Negative

  • None.
Insider Clark Scott A
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock Units 906.3 $55.17 $50K
Holdings After Transaction: Phantom Stock Units — 2,044.4 shares (Direct)
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.
Phantom Stock Units granted 906.3 units Grant to director on April 1, 2026
Reference price per unit $55.17 per unit Economic value used for the phantom stock grant
Phantom units after transaction 2,044.4 units Total Phantom Stock Units following the grant
Conversion price $0.00 Conversion price for the Phantom Stock Units
Underlying security shares 906.3 shares Common stock economically mirrored by the new units
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"
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock."
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*
Clark Scott A
(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)
04/01/2026		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)04/01/2026A906.3 (2) (2)Common Stock906.3$55.172,044.4D
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 Scott Clark04/02/2026
** 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 insider transaction did Sonoco (SON) report for director Scott A. Clark?

Sonoco reported that director Scott A. Clark received 906.3 Phantom Stock Units as a compensation grant. Each unit is economically equivalent to one share of Sonoco common stock, awarded under the directors deferred compensation plan at a reference price of $55.17 per unit.

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

Phantom Stock Units are bookkeeping entries that mirror the value of Sonoco common stock. In this filing, each unit equals one share economically and is granted under the directors deferred compensation plan, to be settled in actual common shares after the director retires.

How many Phantom Stock Units does Scott A. Clark hold after this Sonoco (SON) grant?

After the grant of 906.3 Phantom Stock Units, Scott A. Clark’s reported balance increased to 2,044.4 units. These units track the value of Sonoco common stock and will be settled in shares six months after his retirement from the board.

When will the Sonoco (SON) Phantom Stock Units granted to Scott A. Clark be settled?

The Phantom Stock Units granted to Scott A. Clark will be settled in Sonoco common stock six months after his retirement. Until then, they function as deferred compensation, tracking the value of Sonoco’s common shares for economic equivalence.

Is the Sonoco (SON) Form 4 transaction a market purchase or sale of stock?

The reported transaction is not a market purchase or sale. It is a grant of 906.3 Phantom Stock Units as deferred compensation, coded as an award acquisition, rather than an open-market buy or sell of Sonoco common shares.

What does the $55.17 price mean in the Sonoco (SON) Phantom Stock grant?

The $55.17 figure represents the reference price per Phantom Stock Unit for this grant. While the units are not bought on the market, this price helps determine the economic value of the 906.3 units awarded under the directors deferred compensation plan.