Robert R. Hill Jr., a director at Sonoco Products Co., has reported the acquisition of 1,469.1 phantom stock units, according to a recent filing.

This acquisition, reported on October 5, 2026, is significant as it highlights Hill's ongoing involvement and confidence in the company’s future. The transaction occurred on October 1, 2026, with a price per unit of $48.50.

Background

Sonoco Products Co. is a leading manufacturer in the paperboard containers and boxes sector, classified under SIC code 2650. The company is based in Hartsville, South Carolina, and is publicly traded under the ticker symbol SON.

What the Filing Says

The filing states, "Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock." Following this transaction, Hill now owns a total of 33,055.4 shares.

Impact

This acquisition could impact other shareholders and stakeholders in Sonoco Products Co., as it reflects the confidence of a key director in the company's strategic direction and performance.

What's Next

The filing does not say what happens next.

Details of the Phantom Stock Units

The phantom stock units acquired by Hill were accrued under the Sonoco Products Company directors deferred compensation plan. These units are to be settled in common stock six months after Hill's retirement, indicating a long-term commitment to the company.

Ownership Structure

Following this transaction, Hill's total ownership of shares stands at 33,055.4, reflecting his direct ownership of the phantom stock units. The filing confirms that Hill's ownership is classified as direct, which emphasizes his personal stake in the company's performance.

Company Information

Sonoco Products Co. is incorporated in South Carolina and operates under the EIN 570248420. The company’s fiscal year ends on December 31, which is relevant for investors tracking financial performance and reporting timelines.

Signature Details

The filing was signed by Elizabeth R. Kremer, who holds power of attorney for Robert R. Hill, indicating that the transaction was conducted in accordance with legal protocols.