Sonoco director awarded 370 phantom stock units
Sonoco Products director Blythe J. McGarvie received a grant of 370 Phantom Stock Units on a deferred basis.
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Rhea-AI Filing Summary
Sonoco Products director Blythe J. McGarvie received a grant of 370 Phantom Stock Units on a deferred basis. Each phantom unit is economically equivalent to one share of common stock and was acquired through a quarterly dividend under the directors' deferred compensation plan. Following this award, McGarvie holds 33,939 phantom stock units directly, which will be settled after retirement or other termination of board service.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 370 | $48.99 | $18K |
Footnotes (2)
- F1. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
- F2. 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.
Key Figures
Key Terms
Phantom Stock Units financial
directors' deferred compensation plan financial
economic equivalent financial
termination of service financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SON director Blythe McGarvie report?
What are Phantom Stock Units in the SON Form 4 filing?
How many Phantom Stock Units does the SON director hold after this grant?
How were the new Phantom Stock Units for SON’s director acquired?
When will the SON Phantom Stock Units be settled for the director?
AI-generated analysis. How Rhea-AI works. Not financial advice.