Sonoco Prod SEC Filings

Sonoco Products interim CFO Jerry A. Cheatham reported equity compensation activity involving restricted stock units and common shares. On February 13, 2026, 180 restricted stock units were exercised or converted at an indicated price of $51.67 per share, resulting in the acquisition of 180 shares of common stock.

In connection with this vesting, 65 common shares were disposed of at $51.67 per share to cover tax obligations, a tax-withholding disposition rather than an open-market sale. Following these transactions, Cheatham directly held 3,798 common shares and also had indirect ownership through a 401(k) plan, which held 2,259.39 shares after the reported activity.

Sonoco Products executive Sean Cairns exercised 958 restricted stock units on February 13, 2026, converting them into 958 shares of common stock at $51.67 per share. To cover tax obligations, 221 shares were disposed of at $51.67, leaving him with 16,405 directly held common shares. The restricted stock units vest 33%, 33%, and 34% annually beginning one year from the grant date.

Fuller & Thaler Asset Management, Inc. reports beneficial ownership of 5,901,949.58 shares of Sonoco Products Company common stock, representing 5.98% of the class as of 12/31/2025. The firm has sole power to vote 5,822,309.58 shares and sole power to dispose of 5,901,949.58 shares, with no shared voting or dispositive power.

Fuller & Thaler is a California-based investment adviser acting on behalf of its clients, who are entitled to dividends and sale proceeds from these shares. The firm certifies the holdings are in the ordinary course of business and not for the purpose of changing or influencing control of Sonoco.

Sonoco Products Company used its 2026 Investor Day to outline multi‑year growth, profitability and balance sheet goals. The company is targeting adjusted EBITDA of approximately $1.5 billion and about a 200 basis‑point expansion in adjusted EBITDA margins by the end of 2028.

From 2026 through 2028, Sonoco aims for roughly $2.5 billion of cumulative cash flow from operations, while keeping capital expenditures near 4% of sales and reducing long‑term net leverage to below 2.5x by the end of 2028. The plan also emphasizes continued dividends and future share repurchases as part of its capital return strategy.

Sonoco Products Company reported a strong turnaround for the fourth quarter and full year 2025 and issued upbeat 2026 guidance. Fourth quarter net sales rose 29.7% to $1.8 billion, helped by the Eviosys Metal Packaging EMEA acquisition, with GAAP net income swinging to $332.2 million from a prior-year loss and diluted EPS reaching $3.33. Adjusted EPS was $1.05.

For 2025, net sales grew 41.7% to $7.5 billion and GAAP net income attributable to Sonoco jumped to $1.0 billion, or $10.07 per diluted share, while adjusted EPS increased to $5.71. Operating cash flow was $690 million, and Free Cash Flow was $392.7 million.

The company completed divestitures of TFP and ThermoSafe, receiving substantial proceeds and reducing net debt by $2.7 billion, ending 2025 with total debt of $4.3 billion, cash of $378 million and net leverage of 3.0x Adjusted EBITDA. For 2026, Sonoco targets net revenue of $7.25–$7.75 billion, adjusted EPS of $5.80–$6.20, adjusted EBITDA of $1.25–$1.35 billion, and operating cash flow of $700–$800 million, supported by a multi‑year profitability performance plan and a simpler two‑segment structure.

Sonoco Products director Craig L. Nix files an initial ownership report showing no holdings. The Form 3 identifies Nix as a director of Sonoco Products Company (ticker SON) with an event date of 02/10/2026. The filing states in the explanation of responses that no securities are beneficially owned.

Sonoco Products Company has appointed Craig L. Nix to its Board of Directors as an independent member. He will serve on the Audit Committee and the Financial Policy Committee and will stand for election at the Company’s 2026 Annual General Meeting.

Nix is currently Chief Financial Officer of First Citizens BancShares, Inc., overseeing core corporate finance functions. Sonoco states there are no arrangements behind his selection and no related-party transactions requiring disclosure. A press release announcing his appointment is furnished as an exhibit, and the Company links this addition to its ongoing strategy around portfolio simplification, organizational streamlining and capital investments.

Sonoco Products Company reported a leadership change, with Chief Operating Officer Rodger Fuller set to retire effective February 28, 2026. Fuller has served the company for roughly four decades, and Sonoco publicly expressed its appreciation for his long-term contributions and service.

The company stated that it does not intend to appoint a successor to the COO role, indicating that existing leadership will likely absorb his responsibilities within the current structure. Sonoco also issued a press release on January 20, 2026 to announce the retirement, which is included as an exhibit to this report.

Sonoco Products Company director Thomas E. Whiddon reported a compensation-related equity transaction. On 01/02/2026, he acquired 817 phantom stock units tied to Sonoco common stock at a reference price of $44.37 per unit. Each phantom stock unit is the economic equivalent of one share of Sonoco common stock.

The units were accrued under the company’s directors deferred compensation plan and are scheduled to be settled in Sonoco common stock 6 months after the reporting person’s retirement. Following this transaction, Whiddon beneficially owned 66,979.7 derivative securities directly, reflecting his accumulated phantom stock position.