SON Form 4: Director Thomas Whiddon credited 733.7 phantom stock units

Rhea-AI Filing Summary

Thomas E. Whiddon, a director of Sonoco Products Company (SON), acquired 733.7 phantom stock units on 09/10/2025 at an economic price of $46.06 per unit, increasing his reported beneficial ownership to 64,494.6 shares. The units are the economic equivalent of common stock and were granted as a quarterly dividend under Sonoco's directors' deferred compensation plan; they will be settled following the reporting person's retirement or other termination of service. The Form 4 was signed by Elizabeth R. Kremer as Power of Attorney on 09/11/2025.

Positive

• Increased reported beneficial ownership to 64,494.6 shares following the transaction
• Clear disclosure that the units are part of the directors' deferred compensation plan and will settle on retirement or termination

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine deferred-compensation credit increased a director's economic stake by 733.7 phantom units; not an open-market purchase.

The filing documents a non-cash allocation of 733.7 phantom stock units valued at $46.06 each, recorded as a director dividend under a deferred compensation plan. This is a standard compensation-related accrual rather than an active cash purchase or sale of shares. The reported beneficial ownership after the transaction is 64,494.6 shares, shown as direct ownership. For investors, this is a governance/compensation disclosure rather than a signal of immediate trading activity.

Corporate Governance Expert

TL;DR: Disclosure reflects routine director compensation mechanics; settlement tied to retirement or termination.

The Form 4 clarifies that the reported units are phantom stock credited as a quarterly dividend under the directors' deferred compensation plan and will be settled upon termination of service. The filing was submitted under power of attorney, consistent with standard practice. This is procedural compliance with Section 16 reporting and provides transparency on deferred awards converting to economic exposure to common stock.

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)
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		733.7		(2)	(2)	Common Stock	733.7	$46.06	64,494.6	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 Thomas E. Whiddon	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 Thomas E. Whiddon report on Form 4?

He reported the acquisition of 733.7 phantom stock units on 09/10/2025 and a post-transaction beneficial ownership of 64,494.6 shares.

What is the economic value recorded for the phantom stock units on the SON Form 4?

The units are recorded at $46.06 each according to the transaction details in the Form 4.

How and when will the phantom stock units reported by Thomas E. Whiddon be settled?

The units were acquired 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.

When was the Form 4 for SON filed and who signed it?

The filing shows the transaction dated 09/10/2025 and was signed by Elizabeth R. Kremer as Power of Attorney on 09/11/2025.

Do the reported phantom stock units represent actual common shares?

Each phantom stock unit is the economic equivalent of one share of common stock, per the Form 4 explanation.