Sonoco director granted 657 phantom stock units
Sonoco Products director Philippe Guillemot received a grant of phantom stock units that mirror common shares.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 657.1 | $55.17 | $36K |
Footnotes (2)
- F1. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
- F2. The phantom stock units were accrued under the Sonoco Products Company directors deferred compensation plan and are to be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement.
Key Figures
Key Terms
Phantom Stock Units financial
directors deferred compensation plan financial
economic equivalent financial
settled in common stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Sonoco (SON) director Philippe Guillemot report in this Form 4?
How many phantom stock units did the Sonoco (SON) director acquire?
What is the value per phantom stock unit in the Sonoco (SON) Form 4?
When will the Sonoco (SON) phantom stock units be settled?
What are phantom stock units in the context of Sonoco (SON)?
AI-generated analysis. How Rhea-AI works. Not financial advice.