SON Form 4: Director Accrues 842 Phantom Stock Units

Rhea-AI Filing Summary

Pamela L. Davies, a director of Sonoco Products Company (SON), reported an 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 will be settled in common stock six months after the reporting person’s retirement. The filing shows an implied per-share value of $43.04 and reports 65,336.8 shares beneficially owned following the transaction. The Form 4 was signed by Elizabeth R. Kremer under power of attorney on 10/02/2025. The units were accrued under Sonoco’s directors deferred compensation plan.

Positive

• 842.2 phantom stock units accrued under the directors deferred compensation plan, aligning director compensation with shareholder value
• Settlement in common stock six months after retirement creates a direct future equity stake

Negative

• None.

Insights

Corporate Governance Expert

Director deferred compensation added 842.2 phantom units, payable in stock six months after retirement.

This transaction reflects routine compensation accrual under Sonoco’s directors deferred compensation plan and does not evidence an open-market purchase or sale.

Because the units are phantom stock to be settled in common shares, the award increases the director’s future equity exposure by 842.2 shares at an implied value of $43.04; settlement timing depends on the director's retirement date.

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

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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^*

DAVIES PAMELA LEWIS

(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	65,336.8	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 Pamela L. Davies	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 Pamela L. Davies report on Form 4 for SON?

The filing reports acquisition of 842.2 phantom stock units on 10/01/2025, accrued under the directors deferred compensation plan.

How many shares does Pamela L. Davies beneficially own after the transaction?

The Form 4 reports 65,336.8 shares beneficially owned following the reported transaction.

When will the phantom stock units be settled into Sonoco common stock?

The units are to be settled in Sonoco common stock six months after the reporting person's retirement.

What is the implied value per share reported for the phantom units?

The filing shows an implied per-share amount of $43.04 for the underlying common stock.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by Elizabeth R. Kremer as power of attorney for Pamela L. Davies and dated 10/02/2025.