What does it mean that each Sonoco (SON) Phantom Stock Unit is economically equivalent to one share?

Economic equivalence means each phantom unit mirrors the value of one Sonoco common share. The director does not currently receive actual shares, but the units’ value moves with Sonoco’s stock price, aligning his deferred compensation with long-term shareholder outcomes.

Sonoco (SON) director awarded phantom stock units as deferred compensation

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

HILL ROBERT R JR reported acquisition or exercise transactions in this Form 4 filing.

Sonoco Products Company director Robert R. Hill Jr. received a grant of 279.2 Phantom Stock Units tied to company common stock. Each unit is economically equivalent to one share of common stock and was credited as part of the quarterly dividend under the directors' deferred compensation plan.

Following this grant, Hill holds a total of 28,350.8 Phantom Stock Units, which will be settled in connection with his retirement or other termination of board service. This is a routine, compensation-related, non-cash award rather than an open-market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HILL ROBERT R JR

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	279.2	$53.29	$15K

Holdings After Transaction: Phantom Stock Units — 28,350.8 shares (Direct)

Footnotes (1)

Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock. Acquired on quarterly dividend on Sonoco Products Company's directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.

Form 4 Insider Transactions: What Each Field Means →

03/11/2026 - 06:55 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^*

HILL ROBERT R JR

(Last)

(First)

(Middle)

1 N SECOND ST

(Street)

HARTSVILLE

29550

(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)
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)
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⁾	03/10/2026		A		279.2		⁽²⁾	⁽²⁾	Common Stock	279.2	$53.29	28,350.8	D

Explanation of Responses:

1. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.

2. Acquired on quarterly dividend on Sonoco Products Company's directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.

	By: Elizabeth R Kremer - Power of Attorney for Robert R Hill	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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Sonoco (SON) director Robert R. Hill Jr. report in this Form 4?

Robert R. Hill Jr. reported receiving 279.2 Phantom Stock Units as a compensation-related award. These units mirror Sonoco common stock value and were credited as part of a quarterly dividend in the directors’ deferred compensation plan, increasing his total phantom holdings to 28,350.8 units.

Are the Sonoco (SON) Phantom Stock Units in this Form 4 an open-market purchase or sale?

No, the Phantom Stock Units reflect a grant under a deferred compensation plan, not an open-market trade. They were acquired as dividend-equivalent credits, representing compensation rather than a discretionary stock purchase or sale in the market by the director.

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

After this award, the director holds 28,350.8 Phantom Stock Units. Each unit is economically equivalent to one share of Sonoco common stock, giving him a substantial deferred compensation position linked directly to the company’s share price performance over time.

When will the Sonoco (SON) Phantom Stock Units reported here be settled?

The Phantom Stock Units will be settled upon the director’s retirement or other termination of service. Until then, they remain deferred compensation, tracking the value of Sonoco common stock rather than providing immediate shares or cash to the reporting person.