SON Form 4: Directors Phantom Stock Increases Holdings to 27,792.5 Shares

Rhea-AI Filing Summary

Sonoco Products Co. (SON) director Richard G. Kyle reported an award of 842.2 phantom stock units on 10/01/2025. Each phantom unit is the economic equivalent of one share of Sonoco common stock and the units were accrued under the companys directors deferred compensation plan. The units are to be settled in Sonoco common stock six months after the reporting persons retirement. The filing shows a referenced price of $43.04, and following the reported transaction the reporting person beneficially owns 27,792.5 shares (direct). The Form 4 was signed on 10/02/2025 by Elizabeth R. Kremer as power of attorney for Richard G. Kyle.

Positive

• 842.2 phantom stock units were awarded, increasing the directors equity-linked compensation
• Phantom units are 1:1 economic equivalents to common shares and will be settled in stock, aligning director and shareholder interests
• 27,792.5 shares beneficially owned following the transaction, disclosed clearly

Negative

• None.

Insights

Corporate Governance Expert

Director compensation increased via deferred phantom stock units.

The report documents a 10/01/2025 accrual of 842.2 phantom stock units under Sonocos directors deferred compensation plan, tying director pay to company equity value.

This structure aligns director interests with shareholders because the units are settled in common stock six months after retirement, creating a time-delayed equity stake rather than immediate cash.

Executive Compensation Analyst

Reported units convert 1:1 to common shares and reference a $43.04 value.

The filing states each phantom unit equals one share and references $43.04, indicating the economic value used for the accrual. After the award the reporting person beneficially owns 27,792.5 shares directly.

This disclosure clarifies timing and settlement terms: accrued units will be paid in stock six months post-retirement, which is a specific, monitorable payout condition.

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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Kyle Richard G

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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
Phantom Stock Units	(1)	10/01/2025		A		842.2		(2)	(2)	Common Stock	842.2	$43.04	27,792.5	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 Richard G. Kyle	10/02/2025
	** 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 did the SON Form 4 filed 10/02/2025 disclose?

It disclosed that director Richard G. Kyle was awarded 842.2 phantom stock units on 10/01/2025, accrued under the directors deferred compensation plan.

How do the phantom stock units convert to Sonoco common stock (SON)?

The filing states each phantom stock unit is the economic equivalent of one share of Sonoco common stock and will be settled in common stock six months after the reporting persons retirement.

What is the indicated value per unit in the filing?

The Form 4 references a price of $43.04 associated with the reported phantom stock units.

How many Sonoco shares does the reporting person own after the transaction?

Following the reported transaction the reporting person beneficially owns 27,792.5 shares, held directly.

Who signed the Form 4 for the reporting person?

The Form 4 was signed on 10/02/2025 by Elizabeth R. Kremer as Power of Attorney for Richard G. Kyle.