SON Form 4: Director adds 842.2 phantom stock units; ownership 19,460.1

Rhea-AI Filing Summary

Theresa J. Drew, a director of Sonoco Products Co (SON), reported acquisition 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 is shown with a price of $43.04. Following this transaction, Ms. Drew beneficially owns 19,460.1 shares directly. The units were accrued under Sonoco's directors deferred compensation plan and are to be settled in common stock six months after the reporting person’s retirement. The Form 4 was executed by power of attorney on 10/02/2025.

Positive

• 842.2 phantom stock units accrued under the directors deferred compensation plan, reflecting non‑cash board compensation
• Beneficial ownership increased to 19,460.1 shares, showing an incremental rise in reported holdings

Negative

• Settlement is delayed: phantom units are payable in common stock only six months after retirement, limiting near‑term liquidity

Insights

Corporate Governance Expert

Director accrued 842.2 phantom units under deferred plan; settlement delayed until post‑retirement.

The filing shows a non‑cash compensation accrual: 842.2 phantom stock units were credited on 10/01/2025 under the company's directors deferred compensation plan. Each unit is equivalent to one share of common stock and the report lists a unit price of $43.04.

This increases the reporting person’s direct beneficial ownership to 19,460.1 shares. The plan specifies settlement in common stock six months after retirement, which means these units are not immediately convertible to shares or cash until that triggering event.

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

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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^*

Drew Theresa J

(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	19,460.1	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 Theresa J. Drew	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 Sonoco director Theresa J. Drew report on Form 4 (SON)?

She reported acquisition of 842.2 phantom stock units on 10/01/2025, increasing her direct beneficial ownership to 19,460.1 shares.

What is the economic nature of the phantom stock units reported for SON?

Each phantom stock unit is the economic equivalent of one share of Sonoco common stock and will be settled in stock per the filing.

When will the phantom units reported by Theresa J. Drew be settled?

The phantom stock units were accrued under the directors deferred compensation plan and are to be settled in common stock six months after the reporting person's retirement.

What price is shown on the Form 4 for the phantom units (SON)?

The filing shows a price of $43.04 associated with the phantom stock units.

Who signed the Form 4 for Theresa J. Drew?

The Form 4 was signed by Elizabeth R. Kremer as Power of Attorney for Theresa J. Drew on 10/02/2025.