[Form 4] Sonoco Products Company Insider Trading Activity

Rhea-AI Filing Summary

John R. Haley, a director of Sonoco Products Company (SON), acquired 860.3 phantom stock units on 09/10/2025. Each phantom stock unit is the economic equivalent of one share of Sonoco common stock and the reported per-share value for the transaction is $46.06. After the acquisition, Haley is shown as beneficially owning 75,630.3 shares (or equivalents).

The units were received as a quarterly dividend under Sonoco's directors' deferred compensation plan and will be settled upon Haley's retirement or other termination of service. The Form 4 was submitted on behalf of Haley by Elizabeth R. Kremer under power of attorney on 09/11/2025.

Positive

• Director increased economic stake by 860.3 phantom units, bringing beneficial ownership to 75,630.3 equivalents
• Use of deferred compensation plan aligns director economic interests with long-term shareholder value by settling units on retirement or termination

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation deferral increases insider stake modestly; no red flags.

The filing documents a standard deferred-compensation mechanism where a director received phantom stock units as a dividend credit. This increases the director's economic exposure to Sonoco by 860.3 equivalent shares, bringing total beneficial ownership to 75,630.3. Because the units settle on retirement or termination, they align long-term interests but do not represent immediately tradable stock. No governance concerns or unusual timing are apparent from the disclosure.

Compensation Analyst

TL;DR: Compensation-related issuance consistent with typical director deferred-pay programs; impact is modest.

The entry shows a quarter-end dividend crediting 860.3 phantom units at $46.06 each. This is a non-cash, deferred award that preserves the director's economic exposure to share performance without immediate share issuance. The incremental value (860.3 units times $46.06) is documented implicitly, but the filing contains no indication of material dilution or a change to plan terms.

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).

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^*

Haley John R

(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		860.3		(2)	(2)	Common Stock	860.3	$46.06	75,630.3	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 John R. Haley	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 SON director John R. Haley report on Form 4?

He reported the acquisition of 860.3 phantom stock units on 09/10/2025, equivalent to 860.3 shares, with a reported per-unit value of $46.06.

How many Sonoco shares does John R. Haley beneficially own after this transaction?

The Form 4 shows 75,630.3 shares (or equivalents) beneficially owned following the reported transaction.

Why were phantom stock units issued to the director?

The units were credited as a quarterly dividend under Sonoco's directors' deferred compensation plan and will be settled upon the director's retirement or termination of service.

Are the phantom stock units immediately tradable shares?

No. Each phantom unit is an economic equivalent of a common share but will be settled upon retirement or termination, not issued as immediately tradable stock.

Who filed the Form 4 on behalf of John R. Haley?

The form was filed by Elizabeth R. Kremer under power of attorney on 09/11/2025.