STOCK TITAN

Sonoco (NYSE: SON) exec gets 231 dividend equivalent stock units

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

Rhea-AI Filing Summary

Harrell James A. III reported acquisition or exercise transactions in this Form 4 filing.

Sonoco Products Company executive James A. Harrell III received an automatic grant of 231 dividend equivalent units tied to restricted stock. Each unit is economically equivalent to one share of common stock at a reference price of $53.29. Following this award, his directly held restricted and related units total about 8,084.4 units, which will be settled in shares when he retires or his service otherwise ends. This is a routine compensation-related accrual rather than an open-market share purchase or sale.

Positive

  • None.

Negative

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Insider Harrell James A. III
Role Pres. Global Ind. Paper Pkg.
Type Security Shares Price Value
Grant/Award Dividend Equivalents on Restricted Stock Units 231 $53.29 $12K
Holdings After Transaction: Dividend Equivalents on Restricted Stock Units — 8,084.4 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*
Harrell James A. III

(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. Global Ind. Paper Pkg.
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 (1) 03/10/2026 A 231 (2) (2) Common Stock 231 $53.29 8,084.4 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 James A. Harrell, III 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 did Sonoco (SON) executive James A. Harrell III receive in this Form 4 filing?

James A. Harrell III received 231 dividend equivalent units linked to restricted stock. These units mirror Sonoco common stock value and represent routine compensation accrual rather than an open-market share purchase or sale.

How are the 231 dividend equivalent units for Sonoco (SON) structured?

Each dividend equivalent unit is economically equivalent to one Sonoco common share. The units reflect quarterly dividend equivalents on existing restricted stock and track the stock’s value without immediate share issuance or cash settlement.

When will the Sonoco (SON) dividend equivalent units be settled for James A. Harrell III?

The dividend equivalent rights on restricted stock will be settled when James A. Harrell III retires or his service otherwise terminates. At that time, the units convert into Sonoco common shares according to the plan’s terms.

Did James A. Harrell III buy or sell Sonoco (SON) shares in the market?

No open-market buy or sell occurred. The filing shows a grant of 231 dividend equivalent units as compensation, not a discretionary stock trade, so it does not signal an active market purchase or sale decision.

How many Sonoco (SON) units does James A. Harrell III hold after this transaction?

After receiving the 231 dividend equivalent units, his directly held restricted and related units total about 8,084.4. This figure reflects his position reported in this filing, including the newly granted dividend equivalents.

What price is associated with the Sonoco (SON) dividend equivalent units granted?

The 231 dividend equivalent units use a reference price of about $53.29 per underlying share. This price helps determine the value of the award but does not represent a market trade or cash transaction.