[Form 4] Sonoco Products Company Insider Trading Activity

Rhea-AI Filing Summary

On July 1, 2025, Sonoco Products Company (SON) director Blythe J. McGarvie reported the automatic crediting of 792.5 phantom stock units under the company’s directors deferred-compensation plan, as disclosed in a Form 4 filed on July 3, 2025. Each unit is economically equivalent to one share of Sonoco common stock and will be settled in stock six months after the director’s retirement. After the transaction, McGarvie holds 30,184.6 phantom stock units in total. No open-market purchase or sale of common shares occurred; the filing reflects routine board compensation rather than a discretionary investment decision.

Insights

Equity Compensation Analyst

TL;DR: Routine phantom-stock accrual for SON director; immaterial size, neutral market impact.

The 792.5 phantom stock units credited to Director McGarvie represent standard quarterly compensation under Sonoco’s deferred-compensation program. At the reference price of $45.74, the notional value is roughly $36k—insignificant relative to Sonoco’s multi-billion-dollar market cap. Because settlement occurs only after retirement, no immediate share issuance or cash outflow results. The director now beneficially owns about 30 k units, indicating continued alignment with shareholders but offering no new insight into operational performance or outlook. Overall, the filing is administratively routine and should be viewed as neutral for investors.

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^*

WHIDDON THOMAS E

(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)
07/01/2025

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)	07/01/2025		A		792.5		(2)	(2)	Common Stock	792.5	$45.74	63,760.9	D

Explanation of Responses:

1. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.

2. The phantom stock units were accrued under the Sonoco Products Company directors deferred compensation plan and are to be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement.

	By: Elizabeth R. Kremer - Power of Attorney for Thomas E. Whiddon	07/03/2025
	** 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 SON director Blythe J. McGarvie report on Form 4?

792.5 phantom stock units were credited on 07/01/2025 under Sonoco’s directors deferred-compensation plan.

How many Sonoco phantom stock units does the director now own?

Following the transaction, McGarvie beneficially owns 30,184.6 phantom stock units.

Does the Form 4 indicate any open-market buying or selling of SON common shares?

No. The filing shows only a deferred-compensation accrual; there were no open-market purchases or sales of common stock.

When will the phantom stock units be settled into shares?

They convert to Sonoco common stock six months after the director’s retirement.

What is the notional value of the new phantom stock units?

At the reference price of $45.74 per share, the 792.5 units are worth roughly $36,000.