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SON Form 4: Andrea White Adds 24.3 Dividend Equivalents, Ownership 48.4 Shares

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

Rhea-AI Filing Summary

Andrea B. White, Chief Human Resources Officer of Sonoco Products Company (SON), acquired dividend equivalent rights tied to restricted stock on 09/10/2025. The filing reports receipt of 24.3 dividend equivalents on restricted stock units, which will be settled in common stock upon the reporting person's retirement or other termination of service. After this transaction the filing shows 48.4 shares of common stock beneficially owned directly. The dividend equivalents are valued at $46.06 per share for reporting purposes.

Positive

  • Acquisition of 24.3 quarterly dividend equivalent rights on restricted stock units as disclosed
  • Rights will be settled in common stock upon retirement or termination, aligning compensation with long-term ownership
  • Beneficial ownership increased to 48.4 shares directly following the reported transaction

Negative

  • None.

Insights

TL;DR: Insider received dividend-equivalent restricted stock units, a routine compensation-related change with limited market impact.

The reported transaction is compensation-related: Andrea White acquired 24.3 dividend equivalents on restricted stock units that will convert to common shares upon retirement or termination. The filing lists a per-share value of $46.06 and shows 48.4 shares beneficially owned following the transaction. This is a non-cash, deferred-compensation event and does not indicate open-market buying or selling pressure.

TL;DR: Transaction reflects company compensation mechanics—quarterly dividend equivalents on RSUs—consistent with long-term incentive design.

The disclosure states these are quarterly dividend equivalent rights on restricted stock to be settled at termination or retirement, which is a standard feature of long-term equity awards. The modest size—24.3 dividend equivalents—suggests routine plan administration rather than a governance or control change. No additional governance actions or departures are disclosed in the filing.

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
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*
White Andrea B.

(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)
Chief Human Resources Officer
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 24.3 (1) (1) Common Stock 24.3 $46.06 48.4 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 Andrea White 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 Andrea B. White report on SON Form 4?

The report discloses acquisition of 24.3 dividend equivalent rights on restricted stock units on 09/10/2025.

How will the dividend equivalents reported by SON be settled?

The filing states the dividend equivalents on restricted stock will be settled upon the reporting person's retirement or other termination of service.

How many shares does Andrea White beneficially own after the reported transaction?

The Form 4 shows 48.4 shares of Sonoco common stock beneficially owned following the transaction.

What valuation is shown for the reported dividend equivalents?

The filing lists a per-share amount of $46.06 associated with the reported dividend equivalents.

What is Andrea White's role at Sonoco Products Company as stated in the filing?

The filing identifies the reporting person as the company's Chief Human Resources Officer.
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