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SON Form 4: Director Hill Added 287.8 Phantom Units, Now Owns 25,293.3 Shares

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

Rhea-AI Filing Summary

Robert R. Hill Jr., a director of Sonoco Products Company (SON), reported acquisition of 287.8 phantom stock units on 09/10/2025 under the companys directors deferred compensation plan. Each phantom stock unit is the economic equivalent of one share of Sonoco common stock and these units were awarded as a quarterly dividend. The filing shows the units will be settled in shares upon the reporting person's retirement or termination of service. Following this transaction, Mr. Hill beneficially owns 25,293.3 shares (direct).

Positive

  • Director received phantom stock units as part of the directors' deferred compensation plan, increasing economic alignment with shareholders
  • Units will settle into common stock upon retirement or termination, providing long-term alignment
  • Beneficial ownership reported transparently: 25,293.3 shares following the transaction

Negative

  • None.

Insights

TL;DR: Director received 287.8 phantom units as dividend compensation, modestly increasing direct economic exposure to SON.

The Form 4 documents a routine issuance of phantom stock units under Sonocos directors deferred compensation plan. The units are the economic equivalent of common shares and will convert to shares upon the directors retirement or termination. This is a non-cash, compensation-driven acquisition dated 09/10/2025 and does not represent an open-market purchase or sale. The report lists a price reference of $46.06 and shows beneficial ownership of 25,293.3 shares after the grant.

TL;DR: Transaction is a standard director deferred-compensation dividend credit, reflecting routine governance compensation practice.

The disclosure indicates the grant arose from the directors deferred compensation plan and will settle at termination of service, consistent with common executive and director compensation structures. The filing was signed by a power of attorney on 09/11/2025. No departures, option exercises, or unusual indemnities are disclosed. The item appears administrative and not indicative of a change in corporate control or governance policy.

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*
HILL ROBERT R JR

(Last) (First) (Middle)
1 N SECOND ST

(Street)
HARTSVILLE SC 29550

(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 287.8 (2) (2) Common Stock 287.8 $46.06 25,293.3 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 Robert R Hill 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 Robert R. Hill Jr. report on Form 4 for SON?

He reported acquisition of 287.8 phantom stock units on 09/10/2025 under Sonoco's directors' deferred compensation plan.

How do the phantom stock units relate to Sonoco common stock (SON)?

Each phantom stock unit is stated to be the economic equivalent of one share of Sonoco common stock and will be settled in shares upon retirement or termination.

What is the total beneficial ownership reported after the transaction?

The Form 4 shows 25,293.3 shares beneficially owned by the reporting person following the reported transaction.

When was the Form 4 filed and who signed it?

The filing reports the transaction date as 09/10/2025 and the Form 4 was signed by Elizabeth R Kremer as Power of Attorney for Robert R. Hill on 09/11/2025.

Was this an open-market purchase or a compensation credit?

This was a compensation credit (phantom units credited as a quarterly dividend under the directors' deferred compensation plan), not an open-market trade.
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