STOCK TITAN

Sonoco (SON) executive adds 65.2 dividend-equivalent RSUs as deferred pay

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

Rhea-AI Filing Summary

Cairns Sean reported acquisition or exercise transactions in this Form 4 filing.

Sonoco Products Company executive Sean Cairns received additional stock-based compensation tied to dividends. He was granted 65.2 dividend equivalent units on restricted stock units, each economically equal to one share of Sonoco common stock at a reference value of $53.29. After this grant, he holds 632.6 such derivative units. These dividend equivalents accumulate quarterly and will be settled in connection with his retirement or other termination of service, so this is a non-cash, long-term incentive rather than an open-market share purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Cairns Sean
Role Pres Consumer Pkg EMEA/APAC
Type Security Shares Price Value
Grant/Award Dividend Equivalents on Restricted Stock Units 65.2 $53.29 $3K
Holdings After Transaction: Dividend Equivalents on Restricted Stock Units — 632.6 shares (Direct)
Footnotes (1)
  1. Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock Acquired quarterly dividend equivalent rights on Restricted Stock which will be settled upon the reporting person's retirement or other termination of service.
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*
Cairns Sean

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Pres Consumer Pkg EMEA/APAC
3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026
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
Dividend Equivalents on Restricted Stock Units $0.0000(1) 03/10/2026 A 65.2 (2) (2) Common Stock 65.2 $53.29 632.6 D
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.
By:Elizabeth R. Kremer - Power of Attorney for Sean Cairns 03/11/2026
** 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.

FAQ

What insider transaction did Sonoco (SON) executive Sean Cairns report?

Sean Cairns reported an acquisition of 65.2 dividend equivalent units on restricted stock. These units mirror the value of Sonoco common stock and are linked to quarterly dividends, expanding his stock-based compensation position without an open-market trade.

How many dividend equivalent units does Sean Cairns hold after this Sonoco (SON) transaction?

Following the transaction, Sean Cairns holds 632.6 dividend equivalent units on restricted stock. Each unit is economically equivalent to one share of Sonoco common stock, giving him a growing, deferred equity-linked compensation balance over time.

Are the Sonoco (SON) dividend equivalent units for Sean Cairns the same as common shares?

Each dividend equivalent unit is economically equivalent to one Sonoco common share, but it is a derivative right. These units track the value and dividends of common stock, with settlement deferred until retirement or other termination of service.

Does the Sean Cairns Form 4 for Sonoco (SON) show a stock sale or open-market trade?

The filing shows no open-market sale or purchase. Instead, Cairns received 65.2 dividend equivalent rights on restricted stock as a compensation-related award, increasing his derivative holdings rather than changing the public trading float.

When will Sean Cairns’ Sonoco (SON) dividend equivalent units be settled?

The dividend equivalent rights on restricted stock will be settled upon Sean Cairns’ retirement or other termination of service. Until that event, they function as deferred equity-linked compensation that accumulates value alongside Sonoco’s common stock performance and dividends.

What does transaction code "A" mean in Sean Cairns’ Sonoco (SON) filing?

Transaction code “A” represents a grant, award, or other acquisition. For Sean Cairns, it reflects a compensation-related grant of 65.2 dividend equivalent units on restricted stock, rather than a voluntary open-market share purchase.