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Sonoco (NYSE: SON) executive receives dividend equivalents on RSUs

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

Rhea-AI Filing Summary

Sonoco Products executive Sean Cairns reported an acquisition of dividend equivalents on restricted stock units. On the reported date, he received 72.9 dividend equivalent units, each economically equivalent to one share of Sonoco common stock, bringing his total underlying units to 705.5. These quarterly dividend equivalent rights on restricted stock will be settled when he retires or otherwise terminates his service.

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 72.9 $48.99 $4K
Holdings After Transaction: Dividend Equivalents on Restricted Stock Units — 705.5 shares (Direct, null)
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.
Dividend equivalent units acquired 72.9 units Grant of dividend equivalents on restricted stock units
Reference price per unit $48.99 per unit Transaction price per share-equivalent in Form 4
Total units after transaction 705.5 units Total restricted stock-based units following grant
Conversion or exercise price $0.00 Dividend equivalents on restricted stock units
Dividend Equivalents on Restricted Stock Units financial
"Dividend Equivalents on Restricted Stock Units"
Restricted Stock financial
"dividend equivalent rights on Restricted Stock which will be settled"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
economic equivalent financial
"Each share of Dividend equivalents on Restricted Stock units is the economic equivalent"
retirement or other termination of service financial
"settled upon the reporting person's retirement or other termination of service"
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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*
Cairns Sean
(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)
Pres Consumer Pkg EMEA/APAC
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		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)06/10/2026A72.9 (2) (2)Common Stock72.9$48.99705.5D
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 Cairns06/12/2026
** 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 did Sean Cairns report in this Sonoco (SON) Form 4 filing?

Sean Cairns reported receiving 72.9 dividend equivalents on restricted stock units. These units are economically equivalent to Sonoco common shares and increase his total underlying restricted stock-based units to 705.5, to be settled at retirement or other termination of service.

Are the Sonoco (SON) transactions by Sean Cairns open-market trades?

No, the reported transaction is a grant of dividend equivalents on restricted stock units, not an open-market trade. It reflects compensation-related accruals tied to Sonoco’s dividend, to be settled in the future rather than immediate stock purchases or sales.

How many dividend equivalent units did Sean Cairns acquire in Sonoco (SON)?

Sean Cairns acquired 72.9 dividend equivalent units on restricted stock. Each unit is the economic equivalent of one Sonoco common share, increasing his total underlying restricted stock-based units to 705.5 after the transaction, according to the Form 4 disclosure.

What are dividend equivalents on restricted stock units at Sonoco (SON)?

Dividend equivalents on restricted stock units are rights that mirror cash dividends on common stock. For Sean Cairns, each dividend equivalent unit is economically equal to one Sonoco common share and will be settled when his employment ends through retirement or other termination.

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

The dividend equivalent rights on Sean Cairns’ restricted stock will be settled upon his retirement or other termination of service. Until then, these units track Sonoco’s dividends as compensation-related rights rather than immediately deliverable common shares.