Director at Sonoco (NYSE: SON) receives 1,268.9 phantom stock units

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 1,268.9 Phantom Stock Units on July 1, 2026 as a grant or award. Each phantom unit is the economic equivalent of one share of Sonoco common stock, using a reference price of $56.15 per unit.

The phantom stock units were accrued under Sonoco’s directors deferred compensation plan and will be settled in common stock six months after his retirement. Following this award, Hill holds a total of 31,237.9 Phantom Stock Units directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HILL ROBERT R JR

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	1,268.9	$56.15	$71K

Holdings After Transaction: Phantom Stock Units — 31,237.9 shares (Direct, null)

Footnotes (1)

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

Key Figures

Phantom units granted: 1,268.9 units Reference price per unit: $56.15 per unit Total phantom units after grant: 31,237.9 units +1 more

4 metrics

Phantom units granted 1,268.9 units Grant to director on July 1, 2026

Reference price per unit $56.15 per unit Phantom Stock Units grant

Total phantom units after grant 31,237.9 units Director’s holdings following transaction

Underlying common shares 1,268.9 shares Shares corresponding to granted phantom units

Key Terms

Phantom Stock Units, directors deferred compensation plan, economic equivalent

3 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.

directors deferred compensation plan financial

"The phantom stock units were accrued under the Sonoco Products Company directors deferred compensation plan"

A directors deferred compensation plan lets a board member postpone receiving part or all of their cash fees or stock-based pay until a future date, often retirement, allowing taxes to be delayed and payouts to be structured over time. Investors care because these plans change a company’s future cash obligations and reveal how the board’s pay is aligned with long-term performance—like choosing to take a paycheck later to tie personal reward to the company’s future results.

economic equivalent financial

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 06:03 AM Accepted by SEC EDGAR 07/06/2026 - 06:01 AM

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

SOUTH CAROLINA

29550

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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)
Phantom Stock Units	⁽¹⁾	07/01/2026		A		1,268.9		⁽²⁾	⁽²⁾	Common Stock	1,268.9	$56.15	31,237.9	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 Robert R Hill	07/03/2026
	** 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 insider transaction did Sonoco (SON) report for Robert R. Hill Jr.?

Sonoco reported that director Robert R. Hill Jr. received 1,268.9 Phantom Stock Units as a grant or award. These units were credited on July 1, 2026 and are linked to Sonoco’s directors deferred compensation plan and its common stock.

What are Phantom Stock Units in the context of Sonoco (SON)?

At Sonoco, each Phantom Stock Unit is the economic equivalent of one share of common stock. The units track the value of Sonoco’s stock and, in this case, will ultimately be settled in actual common shares after the director’s retirement.

How many Phantom Stock Units were granted to the Sonoco (SON) director?

Robert R. Hill Jr. was granted 1,268.9 Phantom Stock Units. The filing shows a reference price of $56.15 per unit, and states that these units correspond to 1,268.9 underlying shares of Sonoco common stock when eventually settled.

What is the settlement timing for Sonoco (SON) Phantom Stock Units granted to the director?

The Phantom Stock Units are to be settled in Sonoco common stock six months after the director’s retirement. This means the director does not receive shares immediately; instead, the units convert into stock on a deferred post-retirement schedule.

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

After receiving the 1,268.9-unit grant, Robert R. Hill Jr. holds a total of 31,237.9 Phantom Stock Units directly. This total reflects his accumulated phantom units under Sonoco’s directors deferred compensation plan as of the reported transaction date.

Was this Sonoco (SON) insider transaction an open-market stock purchase?

No. The transaction was a grant or award of 1,268.9 Phantom Stock Units under a directors deferred compensation plan, not an open-market purchase. The units are compensation-related and will later be settled in Sonoco common stock after the director retires.