Sonoco Products director John R. Haley received a grant of phantom stock units as compensation. On the reported date, he acquired 1,835.2 phantom stock units, each economically equivalent to one share of Sonoco Products Company common stock at a reference price of $55.17 per unit.
These phantom stock units were accrued under the company’s directors deferred compensation plan and are scheduled to be settled in Sonoco common stock six months after his retirement. Following this grant, Haley’s total phantom stock unit balance reported in this filing is 83,803.8 units.
Sonoco Products director Philippe Guillemot received a grant of phantom stock units that mirror common shares. He acquired 657.1 phantom stock units on the transaction date at an assigned value of $55.17 per unit, bringing his total phantom stock holdings to 28,688.5 units.
Each phantom stock unit is economically equivalent to one share of Sonoco Products Company common stock and was accrued under the company’s directors deferred compensation plan. These units are scheduled to be settled in Sonoco common stock six months after his retirement, aligning director compensation with long-term shareholder value.
Drew Theresa J reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company director Theresa J. Drew received a grant of 657.1 Phantom Stock Units on April 1, 2026. Each unit is economically equivalent to one share of Sonoco common stock and was awarded under the company’s directors deferred compensation plan.
The phantom stock units will be settled in Sonoco common stock six months after Drew’s retirement. Following this award, she holds 21,384.3 Phantom Stock Units directly, reflecting deferred, stock-linked compensation rather than an open-market purchase or sale.
DAVIES PAMELA LEWIS reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company director Pamela Lewis Davies received a grant of 657.1 phantom stock units linked to the company’s common stock. Each phantom unit is economically equivalent to one share of common stock and was credited under the directors deferred compensation plan.
Following this award, Davies holds a total of 68,302.8 phantom stock units. These units will be settled in Sonoco common stock six months after her retirement, so this filing reflects a non-cash, compensation-related accrual rather than an open-market trade.
Clark Scott A reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company director Scott A. Clark received a grant of 906.3 Phantom Stock Units, each economically equivalent to one share of Sonoco Products Company common stock. These units were accrued under the company’s directors deferred compensation plan at a reference price of $55.17 per unit.
The phantom stock units are to be settled in Sonoco Products Company common stock six months after Clark’s retirement, aligning his interests with long-term shareholder value. Following this grant, his reported balance in this phantom stock account increased to 2,044.4 units.
Boyd Steven L reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company director Steven L. Boyd received a grant of 657.1 Phantom Stock Units on April 1, 2026. Each unit is economically equivalent to one share of Sonoco common stock and was accrued under the company’s directors deferred compensation plan.
After this award, Boyd holds a total of 10,362 Phantom Stock Units. These units are scheduled to be settled in Sonoco common stock six months after his retirement, making this a compensation-related, non-market transaction rather than an open-market share purchase or sale.
The Vanguard Group filed an amendment to its Schedule 13G/A reporting 03/27/2026, stating it beneficially owns 0 shares of Sonoco Products Co common stock, representing 0% of the class. The filing explains an internal realignment on 01/12/2026 and reports that certain subsidiaries/divisions will report holdings separately in reliance on SEC Release No. 34-39538. The filing lists Vanguard's Malvern address and is signed by Ashley Grim, Head of Global Fund Administration. The disclosure treats prior aggregated holdings as disaggregated following the realignment.
Sonoco Products Company entered into a new unsecured credit agreement providing a delayed draw term loan facility of up to $300 million. The company can draw on this facility, subject to conditions, on or before September 13, 2026, with all borrowings due on the second anniversary of the funding date.
Borrowings will bear interest at either a Term SOFR-based rate or a base rate, plus a margin tied to Sonoco’s credit ratings, ranging from 0.850% to 1.100% for Term SOFR loans and from 0.000% to 0.100% for base rate loans. There is no required amortization, and voluntary prepayments are allowed without penalty, subject to notice and minimum size conditions.
The agreement includes financial covenants requiring minimum Book Net Worth of at least 80% of the level as of March 31, 2024, subject to adjustments, and a minimum Consolidated Interest Coverage Ratio of 3.25 to 1.00. It also contains customary events of default, including nonpayment, covenant breaches, certain cross-defaults, bankruptcy events, and change of control.
Coker R. Howard reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company President & CEO R. Howard Coker received a grant of 63,478 restricted stock units on February 21, 2025. Each unit represents a contingent right to one share of common stock and vests over three years, with 33%, 33%, and 34% vesting annually beginning one year from the grant date. This amended Form 4 corrects the original granted amount and reflects a compensation-related equity award rather than an open-market purchase.