Sonoco director granted 924.8 phantom stock units
Haley John R reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Haley John R reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company director John R. Haley received a grant of 924.8 Phantom Stock Units on the company’s directors’ deferred compensation plan. Each unit is the economic equivalent of one share of Sonoco common stock and was credited based on a quarterly dividend.
Following this grant, Haley holds a total of 84,728.6 Phantom Stock Units. These units are designed for long-term compensation and will be settled in connection with his retirement or other termination of board service, rather than through near-term market transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 924.8 | $48.99 | $45K |
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
Phantom Stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Sonoco (SON) director John R. Haley report in this Form 4?
How many Phantom Stock Units does John R. Haley now hold in Sonoco (SON)?
What are Phantom Stock Units in the context of Sonoco (SON)?
How was the 924.8-unit phantom stock grant to Sonoco (SON) director Haley determined?
When will John R. Haley’s Sonoco (SON) Phantom Stock Units be settled?
AI-generated analysis. How Rhea-AI works. Not financial advice.