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Sonoco (NYSE: SON) director granted 657 Phantom Stock Units in deferred plan

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

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 657.1 Phantom Stock Units on April 1, 2026. Each unit is economically equivalent to one share of Sonoco common stock and was accrued under the company’s directors deferred compensation plan.

After this award, Boyd holds a total of 10,362 Phantom Stock Units. These units are scheduled to be settled in Sonoco common stock six months after his retirement, making this a compensation-related, non-market transaction rather than an open-market share purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Boyd Steven L
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock Units 657.1 $55.17 $36K
Holdings After Transaction: Phantom Stock Units — 10,362 shares (Direct)
Footnotes (1)
  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.
Phantom Stock Units granted 657.1 units Grant on April 1, 2026 to director Steven L. Boyd
Grant reference price $55.17 per unit Price per Phantom Stock Unit for the April 1, 2026 award
Total Phantom Stock Units after grant 10,362 units Boyd’s holdings following the reported transaction
Underlying common stock equivalence 1 share per unit Each Phantom Stock Unit equals one Sonoco common share economically
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"
settled in Sonoco Products Company common stock financial
"are to be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)04/01/2026A657.1 (2) (2)Common Stock657.1$55.1710,362D
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 Steven L Boyd04/02/2026
** Signature of Reporting PersonDate
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 657.1 Phantom Stock Units as a compensation award. These units are tied to Sonoco common stock value and increase his total Phantom Stock Unit holdings to 10,362, with settlement scheduled after his retirement.

Are Steven L. Boyd’s Phantom Stock Units in SON an open-market purchase?

No, the 657.1 Phantom Stock Units reflect a grant under Sonoco’s directors deferred compensation plan. This is a compensation-related award, not an open-market buy or sell, and will be settled in common stock after Boyd’s retirement.

What is a Phantom Stock Unit in the context of Sonoco (SON)?

A Phantom Stock Unit is a deferred compensation instrument economically equivalent to one Sonoco common share. For Boyd, units were accrued under the directors deferred compensation plan and will be settled in actual Sonoco stock six months after his retirement.

At what reference price were Steven L. Boyd’s Sonoco Phantom Stock Units recorded?

The 657.1 Phantom Stock Units were recorded at a reference price of $55.17 per unit. This price reflects the value used for the grant entry on April 1, 2026, under Sonoco’s directors deferred compensation plan.