SON Form 4: Director Theresa Drew Gains 211.8 Phantom Units, Ownership Now 18,617.9

Rhea-AI Filing Summary

Theresa J. Drew, a director of Sonoco Products Company (SON), acquired 211.8 phantom stock units on 09/10/2025 at an economic value of $46.06 per unit, increasing her beneficial ownership to 18,617.9 common-stock-equivalent shares. The filing states each phantom stock unit equals one share of Sonoco common stock and that the units were granted as a quarterly dividend under the company’s directors' deferred compensation plan. The units will be settled in common stock upon the reporting person’s retirement or other termination of service. The Form 4 was signed via power of attorney on 09/11/2025.

Insights

Financial Analyst

TL;DR: Director received director compensation in phantom stock units worth $46.06 each, modestly increasing reported beneficial ownership.

This transaction reflects routine director compensation rather than open-market buying or selling. The economic value noted ($46.06 per unit) multiplies to approximately $9,760 of incremental economic exposure (211.8 units), and the post-transaction beneficial ownership of 18,617.9 shares reflects long-standing ownership rather than a material change in control. For most investors this is a neutral, administrative disclosure confirming compensation mechanics and future settlement upon departure.

Corporate Governance Expert

TL;DR: Standard deferred-compensation dividend accrual for a director; settlement is deferred until retirement or termination.

The filing documents a nondiscretionary issuance of phantom stock units under a directors' deferred compensation plan, consistent with common governance practices to align director incentives with shareholder outcomes. The units are phantom (economic equivalents) and will convert to shares only on service termination, which mitigates immediate dilution. Disclosure via Form 4 and POA signature indicates appropriate compliance with Section 16 reporting obligations.

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
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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^*

Drew Theresa 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		211.8		(2)	(2)	Common Stock	211.8	$46.06	18,617.9	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 Theresa J. Drew	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 Theresa J. Drew report on the SON Form 4?

She reported acquiring 211.8 phantom stock units on 09/10/2025, increasing her beneficial ownership to 18,617.9 share equivalents.

How much value per unit was recorded for the phantom stock?

The filing shows an economic value of $46.06 per phantom stock unit.

When will the phantom stock units be settled into shares?

The units were granted as a quarterly dividend under the directors' deferred compensation plan and will be settled upon the reporting person’s retirement or other termination of service.

Is this transaction a market purchase or compensation?

The filing identifies the units as a quarterly dividend under a deferred compensation plan, indicating compensation rather than an open-market trade.

Does this Form 4 indicate any change in control or large sale?

No. The filing documents a routine compensation accrual and does not indicate a change in control or a significant sale of shares.