Sonoco Products (NYSE: SON) director boosts phantom stock to 14,675.4 units
Rhea-AI Filing Summary
Sonoco Products Company director Eleni Istavridis reported acquiring additional deferred equity linked to the company’s stock. On 01/02/2026, she received 817 phantom stock units at a reference price of $44.37 per unit. After this transaction, she holds a total of 14,675.4 phantom stock units.
Each phantom stock unit is the economic equivalent of one share of Sonoco Products Company common stock. These units were credited under the company’s directors deferred compensation plan and are designed to be settled in Sonoco common stock six months after her retirement, aligning director compensation more closely with long-term shareholder value.
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FAQ
What insider transaction was reported for SON on 01/02/2026?
Sonoco Products Company director Eleni Istavridis acquired 817 phantom stock units on 01/02/2026 under the company’s directors deferred compensation plan.
How many phantom stock units does the SON director hold after this transaction?
Following the reported transaction, director Eleni Istavridis beneficially holds 14,675.4 phantom stock units linked to Sonoco Products Company common stock.
What are phantom stock units in the Sonoco Products Company plan?
Each phantom stock unit is the economic equivalent of one share of Sonoco Products Company common stock, tracking its value for deferred compensation purposes.
When will the SON phantom stock units be settled into common stock?
The phantom stock units accrued by director Eleni Istavridis are to be settled in Sonoco Products Company common stock six months after her retirement.
Under what plan were the SON phantom stock units accrued?
The 817 phantom stock units were accrued under the Sonoco Products Company directors deferred compensation plan.
What is the reference price for the newly acquired SON phantom stock units?
The 817 phantom stock units acquired on 01/02/2026 are reported at a reference price of $44.37 per unit.