Sonoco (SON) director granted 842.2 phantom units valued at $43.04
Steven L. Boyd, a director of Sonoco Products Company (SON), was granted 842.2 phantom stock units on 10/01/2025 under the company's directors' deferred compensation plan.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Steven L. Boyd, a director of Sonoco Products Company (SON), was granted 842.2 phantom stock units on 10/01/2025 under the company's directors' deferred compensation plan. Each phantom unit is the economic equivalent of one share of Sonoco common stock and the units are to be settled in Sonoco common stock six months after the reporting person's retirement. The filing reports the aggregate beneficial ownership after the grant as 8,682.6 shares and shows a per-share reference price of $43.04. The Form 4 was submitted by power of attorney on behalf of Mr. Boyd on 10/02/2025.
Positive
- 842.2 phantom stock units granted to a director under the deferred compensation plan
- Phantom units are settled in common stock, aligning compensation with shareholder equity
- Beneficial ownership increased to 8,682.6 shares following the grant
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 842.2 | $43.04 | $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.
FAQ
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What did Steven L. Boyd report on the Form 4 for Sonoco (SON)?
How and when will the phantom stock units be settled?
What is the reference price shown in the filing for the phantom units?
When was the Form 4 filed for this transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.