Sonoco (SON) director adds phantom stock units via deferred dividend grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Boyd Steven L reported acquisition or exercise transactions in this Form 4 filing.

Sonoco Products Company director Steven L. Boyd received a grant of 114.2 Phantom Stock Units on a quarterly dividend date at $48.99 per unit under the directors' deferred compensation plan. Each phantom unit is the economic equivalent of one common share and will be settled upon his retirement or other termination of service, bringing his total phantom units to 10,476.2.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Boyd Steven L

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	114.2	$48.99	$6K

Holdings After Transaction: Phantom Stock Units — 10,476.2 shares (Direct, null)

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.

Key Figures

Phantom units granted: 114.2 units Reference price per unit: $48.99 per unit Total phantom units after grant: 10,476.2 units +2 more

5 metrics

Phantom units granted 114.2 units Grant on quarterly dividend date

Reference price per unit $48.99 per unit Phantom Stock Units grant value

Total phantom units after grant 10,476.2 units Holdings following transaction

Conversion or exercise price $0.00 Phantom units economic tracking entry

Underlying common shares equivalent 114.2 shares Each phantom unit equals one common share

Key Terms

Phantom Stock Units, economic equivalent, directors' deferred compensation plan

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.

economic equivalent financial

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

directors' deferred compensation plan financial

"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."

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

06/12/2026 - 05:52 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^*

Boyd Steven L

(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)

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

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)
Phantom Stock Units	⁽¹⁾	06/10/2026		A		114.2		⁽²⁾	⁽²⁾	Common Stock	114.2	$48.99	10,476.2	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 Steven L Boyd	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) director Steven L. Boyd report in this Form 4?

Steven L. Boyd reported receiving 114.2 Phantom Stock Units as a grant under Sonoco’s directors’ deferred compensation plan. The units were credited on a quarterly dividend date at a reference value of $48.99 per unit and increase his deferred holdings.

What are Phantom Stock Units in Sonoco (SON)'s director compensation?

Phantom Stock Units are bookkeeping entries whose value mirrors Sonoco’s common stock. Each unit is economically equivalent to one share, but no actual shares are issued until settlement, which for directors generally occurs at retirement or termination of service under the deferred compensation plan.

How many Phantom Stock Units did Steven L. Boyd acquire from Sonoco (SON)?

He acquired 114.2 Phantom Stock Units credited in connection with a quarterly dividend. These units represent additional deferred compensation tied to Sonoco’s stock performance and are added to his existing phantom balance, rather than an open-market stock purchase or sale transaction.

What is Steven L. Boyd’s total Phantom Stock Units position at Sonoco (SON) after this grant?

After the reported grant, Steven L. Boyd holds a total of 10,476.2 Phantom Stock Units. This figure reflects his deferred compensation balance that tracks Sonoco’s common stock value and will be settled in the future, typically at retirement or service termination.

Does this Sonoco (SON) Form 4 show an open-market stock trade?

No, the filing shows a compensation-related acquisition of Phantom Stock Units, not an open-market trade. The units arise from Sonoco’s directors’ deferred compensation plan and quarterly dividend credits, rather than discretionary buying or selling of Sonoco common shares in the market.

When will Steven L. Boyd’s Sonoco (SON) Phantom Stock Units be settled?

The Phantom Stock Units will be settled upon his retirement or other termination of service. Until that time, the units remain as deferred compensation entries, each maintaining economic equivalence to one Sonoco common share according to the plan’s terms and conditions.