Sonoco director granted phantom stock units
WHIDDON THOMAS E reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
WHIDDON THOMAS E reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company director Thomas E. Whiddon received 666.1 phantom stock units on a quarterly dividend credit under the directors’ deferred compensation plan. Each phantom unit is the economic equivalent of one share of Sonoco common stock at a reference price of $53.29 per share.
After this grant, Whiddon holds a total of 67,645.8 phantom stock units, all directly. These units track the value of Sonoco common stock and will be settled when he retires from, or otherwise leaves, board service.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 666.1 | $53.29 | $35K |
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sonoco Products (SON) report for Thomas E. Whiddon?
What are phantom stock units in the Sonoco Products (SON) Form 4 filing?
At what value were Thomas Whiddon’s new phantom stock units recorded at Sonoco (SON)?
How many phantom stock units does Thomas Whiddon now hold at Sonoco (SON)?
Is the Sonoco (SON) Form 4 transaction a market buy or sale of common stock?
When will Thomas Whiddon’s Sonoco (SON) phantom stock units be settled?
AI-generated analysis. How Rhea-AI works. Not financial advice.