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Sonoco (NYSE: SON) awards Haynes dividend-equivalent stock units

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

Rhea-AI Filing Summary

Haynes Ernest D III reported acquisition or exercise transactions in this Form 4 filing.

Sonoco Products Company executive Ernest D. Haynes III, President of Consumer Packaging Americas, received a grant of 73.2 dividend equivalents on restricted stock units on March 10, 2026. Each dividend equivalent is economically equal to one share of Sonoco common stock.

The award was credited at a reference price of $53.29 per unit, increasing his directly held dividend-equivalent balance to 841.8 units. These dividend-equivalent rights will be settled in connection with his retirement or other termination of service, reflecting ongoing equity-based compensation rather than an open-market stock purchase.

Positive

  • None.

Negative

  • None.
Insider Haynes Ernest D III
Role Pres. Consumer Pkg Americas
Type Security Shares Price Value
Grant/Award Dividend Equivalents on Restricted Stock Units 73.2 $53.29 $4K
Holdings After Transaction: Dividend Equivalents on Restricted Stock Units — 841.8 shares (Direct)
Footnotes (2)
  1. F1. Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock
  2. F2. Acquired quarterly dividend equivalent rights on Restricted Stock which will be settled upon the reporting person's retirement or other termination of service.

FAQ

What did Sonoco (SON) executive Ernest D. Haynes III report in this Form 4?
Ernest D. Haynes III reported receiving 73.2 dividend equivalents on restricted stock units. These awards are tied to Sonoco’s common stock and represent additional equity-based compensation linked to quarterly dividends rather than an open-market stock purchase.

How many dividend-equivalent units does Ernest D. Haynes III hold after this Sonoco (SON) transaction?
After the transaction, Ernest D. Haynes III holds 841.8 dividend-equivalent restricted stock units directly. Each unit is the economic equivalent of one share of Sonoco common stock, providing stock-linked value as part of his overall compensation package.

What is the nature of the dividend-equivalent award reported by Sonoco (SON)?
The filing shows a grant of 73.2 dividend equivalents on restricted stock units. These represent quarterly dividend-equivalent rights on existing restricted stock that will be settled when the executive retires or otherwise leaves service, rather than immediate cash or stock delivery.

At what reference price were the Sonoco (SON) dividend-equivalent units credited?
The 73.2 dividend-equivalent restricted stock units were credited at a reference price of $53.29 per unit. This price is used to calculate the number of dividend‑equivalent units awarded, aligning compensation with Sonoco’s common stock value at that time.

Will the Sonoco (SON) dividend-equivalent awards settle immediately for Ernest D. Haynes III?
No, the dividend-equivalent rights on restricted stock will be settled upon Ernest D. Haynes III’s retirement or other termination of service. Until then, they function as deferred equity-based compensation linked to Sonoco’s common stock performance and dividends.

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Form 4 Insider Transactions: What Each Field Means →
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*
Haynes Ernest D 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. Consumer Pkg Americas
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 $0.0000(1) 03/10/2026 A 73.2 (2) (2) Common Stock 73.2 $53.29 841.8 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 Ernest D. Haynes 03/12/2026
** 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.

Source: View Original Filing on SEC EDGAR