SON Form 4: Director credited 347.4 phantom stock units under deferred plan

Rhea-AI Filing Summary

Blythe J. McGarvie, a director of Sonoco Products Company (SON), reported an acquisition of phantom stock units under the company's directors' deferred compensation plan. On 09/10/2025 the reporting person acquired 347.4 phantom stock units, each unit economically equivalent to one share of Sonoco common stock, at a reported unit value of $46.06. After the transaction the reporting person beneficially owned 30,532 shares of common stock on a direct basis. The phantom units were issued as a quarterly dividend under the directors' deferred compensation plan and are scheduled to be settled upon the reporting person's retirement or other termination of service. The Form 4 was filed by power of attorney Elizabeth R. Kremer on 09/11/2025.

Positive

• Acquired 347.4 phantom stock units on 09/10/2025 under the directors' deferred compensation plan.
• Each phantom stock unit is stated as the economic equivalent of one share of Sonoco common stock.
• Reporting person beneficially owned 30,532 shares following the reported transaction.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine director compensation transaction; small acquisition of phantom units added to direct beneficial ownership.

The Form 4 documents a non-derivative economic-equivalent acquisition of 347.4 phantom stock units on 09/10/2025 at a unit value of $46.06, recorded as arising from a quarterly dividend under the directors' deferred compensation plan. Following the transaction the reporting person holds 30,532 shares beneficially on a direct basis. This is a compensatory issuance with settlement tied to retirement or termination, consistent with long-standing director deferred-compensation arrangements.

Corporate Governance Expert

TL;DR: Disclosure shows compensation-plan mechanics rather than an open-market trade; settlement is deferred until termination.

The submission clarifies that these phantom stock units are economic equivalents of common shares and were acquired as a quarterly dividend credited to the directors' deferred compensation plan. The Form 4 was executed by power of attorney, and the units will be settled upon retirement or other termination of service, confirming deferral and non-transferable nature until settlement events occur.

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).

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^*

MCGARVIE BLYTHE 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)
09/10/2025

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)	09/10/2025		A		347.4		(2)	(2)	Common Stock	347.4	$46.06	30,532	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 Blythe J. McGarvie	09/11/2025
	** 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 transaction did Blythe J. McGarvie report on Form 4 for SON?

The Form 4 reports acquisition of 347.4 phantom stock units on 09/10/2025 credited as a quarterly dividend under the directors' deferred compensation plan.

How are the phantom stock units described in the filing?

Each phantom stock unit is described as the economic equivalent of one share of Sonoco Products Company common stock.

What was the reported unit value for the phantom stock units?

The filing lists a unit value of $46.06 for the underlying common stock amounting to the phantom units.

When will the phantom stock units be settled?

The units were credited as a quarterly dividend and will be settled upon the reporting person's retirement or other termination of service.

How many shares did the reporting person beneficially own after the transaction?

Following the transaction the reporting person beneficially owned 30,532 shares on a direct basis.