SON Form 4: Adam Wood Records 165.9 Dividend-Equivalent Rights, 3,764 Shares Owned

Rhea-AI Filing Summary

Adam Wood, Vice President, Paper Products Europe at Sonoco Products Co. (SON), reported a transaction dated 09/10/2025 on a Form 4 filed 09/11/2025. The filing shows acquisition of 165.9 dividend-equivalent rights on restricted stock (stated price $0.0000) that reference 165.9 shares of common stock. The report lists an underlying reference price of $46.06 and indicates 3,764 sharesdirectly. The filing explains these are quarterly dividend-equivalent rights that will be settled in restricted stock upon the reporting person’s retirement or termination of service. The Form 4 was submitted by a power of attorney.

Positive

• Disclosure of compensation-related acquisition (165.9 dividend-equivalent rights) provides transparency under Section 16
• Settlement terms stated explicitly: rights will be settled upon retirement or termination of service

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider accrual of dividend-equivalent rights; no cash sale or major disposition reported.

The filing documents a non-cash acquisition of 165.9 dividend-equivalent units tied to restricted stock that will convert to common shares upon retirement or termination. This is a typical compensation-related entry rather than an open-market purchase or sale. The reported underlying share count and post-transaction beneficial ownership (3,764 shares) are modest in absolute terms and reflect compensation mechanics rather than a change in control or material stake.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 requirements for officer compensation; settlement contingent on termination.

The explanation clarifies these are dividend-equivalent rights on restricted stock with settlement deferred until retirement or termination, consistent with typical equity-based compensation plans. The transaction was reported by a power of attorney and the Form 4 provides the necessary detail on timing, amounts, and ownership form. There are no indications of atypical governance issues or ad hoc transfers in the filing.

09/11/2025 - 05:53 PM

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^*

Wood Adam

(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)
	VP Paper Products Europe

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
Dividend Equivalents on Restricted Stock Units	$0.0000(1)	09/10/2025		A		165.9		(1)	(1)	Common Stock	165.9	$46.06	3,764	D

Explanation of Responses:

1. 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 Adam Wood	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 did Adam Wood report on the SON Form 4 filed 09/11/2025?

The Form 4 reports an acquisition on 09/10/2025 of 165.9 dividend-equivalent rights on restricted stock, referencing 165.9 common shares, with 3,764 shares beneficially owned after the transaction.

Are the reported dividend-equivalent rights immediately convertible to SON common stock?

No; the filing states these are quarterly dividend-equivalent rights that will be settled upon the reporting person’s retirement or other termination of service.

Was this Form 4 filed directly by Adam Wood?

The signature block shows the Form 4 was submitted by Elizabeth R. Kremer, acting as Power of Attorney for Adam Wood, on 09/11/2025.

Does the Form 4 indicate any sale of SON shares by the reporting person?

No; the disclosed transaction is an acquisition of dividend-equivalent rights tied to restricted stock, not a sale.

What price is shown in the Form 4 for the derivative or underlying shares?

The filing lists a reference of $46.06 alongside the underlying common stock information and shows the dividend-equivalent instrument priced at $0.0000.