Sonoco (NYSE: SON) general counsel awarded phantom stock and dividend-equivalent units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Sonoco Products Company executive John M. Florence reported routine equity-based compensation awards. On June 10, 2026, he acquired 524 phantom stock units and 410.9 dividend equivalents on restricted stock units, each economically equivalent to one share of Sonoco common stock. These awards will be settled after his retirement or other termination of service.

Following the grants, Florence holds 48,039.9 phantom stock units and 4,733.5 dividend-equivalent units, all as direct derivative interests rather than current common shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Florence John M

Role Gnl Council, Secy, VP

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalents on Restricted Stock Units	410.9	$48.99	$20K
Grant/Award	Phantom Stock Units	524	$48.99	$26K

Holdings After Transaction: Dividend Equivalents on Restricted Stock Units — 4,733.5 shares (Direct, null); Phantom Stock Units — 48,039.9 shares (Direct, null)

Footnotes (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. 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 officers' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.

Key Figures

Phantom stock units granted: 524 units Dividend-equivalent units granted: 410.9 units Phantom stock balance after grant: 48,039.9 units +3 more

6 metrics

Phantom stock units granted 524 units Grant on June 10, 2026

Dividend-equivalent units granted 410.9 units Grant on June 10, 2026

Phantom stock balance after grant 48,039.9 units Following June 10, 2026 award

Dividend-equivalent balance after grant 4,733.5 units Following June 10, 2026 award

Reference value per unit $48.99 per unit Both phantom and dividend-equivalent units

Underlying common stock equivalence 1:1 with SON shares Economic equivalent per unit per footnotes

Key Terms

Phantom Stock Units, Dividend equivalents on Restricted Stock units, deferred compensation plan, grant/award acquisition

4 terms

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.

Dividend equivalents on Restricted Stock units financial

"Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock"

deferred compensation plan financial

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

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

grant/award acquisition financial

"transaction_action": "grant/award acquisition""

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Form 4 Insider Transactions: What Each Field Means →

06/12/2026 - 06:36 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^*

Florence John M

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Gnl Council, Secy, VP

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
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)
Dividend Equivalents on Restricted Stock Units	$0.0000⁽¹⁾	06/10/2026		A		410.9		⁽²⁾	⁽²⁾	Common Stock	410.9	$48.99	4,733.5	D
Phantom Stock Units	$0.0000⁽³⁾	06/10/2026		A		524		⁽⁴⁾	⁽⁴⁾	Common Stock	524	$48.99	48,039.9	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.

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

4. Acquired on quarterly dividend on Sonoco Products Company's officers' 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 John M. Florence	06/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Sonoco (SON) officer John M. Florence report in this Form 4?

John M. Florence reported routine equity-based awards, acquiring phantom stock units and dividend-equivalent units tied to Sonoco stock. These represent deferred compensation, not open-market trades, and will be settled in the future, typically at retirement or when his service with the company ends.

How many phantom stock units did John M. Florence receive from Sonoco (SON)?

He received 524 phantom stock units, each economically equivalent to one Sonoco common share. After this grant, his total phantom stock balance is 48,039.9 units, reflecting deferred compensation tracked to Sonoco’s share value rather than immediate share ownership.

What are Sonoco (SON) dividend equivalents on restricted stock units reported in this filing?

Dividend equivalents on restricted stock units mirror cash dividends on Sonoco shares as additional units. Florence acquired 410.9 such units, bringing his total to 4,733.5. Each unit is economically equivalent to one Sonoco share and will be settled at retirement or service termination.

Did John M. Florence buy or sell Sonoco (SON) common stock on the market?

No, the Form 4 shows no open-market purchases or sales of Sonoco common stock. The transactions are grants of phantom stock and dividend-equivalent units, classified as derivative awards that function as deferred compensation instead of immediate stock trades.

When will the Sonoco (SON) phantom stock and dividend equivalents be settled?

The filing states these phantom stock and dividend-equivalent awards will be settled upon John M. Florence’s retirement or other termination of service. Until then, they function as deferred, stock-linked compensation rather than current ownership of Sonoco common shares.

What price per unit is associated with the Sonoco (SON) awards in this Form 4?

Both the phantom stock units and dividend-equivalent units are recorded at a reference value of $48.99 per unit. This figure reflects the economic value used for the deferred compensation awards, not a cash purchase price paid by John M. Florence.