Sonoco director granted 1,835 phantom stock units
Sonoco Products director John R. Haley received a grant of phantom stock units as compensation.
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Rhea-AI Filing Summary
Sonoco Products director John R. Haley received a grant of phantom stock units as compensation. On the reported date, he acquired 1,835.2 phantom stock units, each economically equivalent to one share of Sonoco Products Company common stock at a reference price of $55.17 per unit.
These phantom stock units were accrued under the company’s directors deferred compensation plan and are scheduled to be settled in Sonoco common stock six months after his retirement. Following this grant, Haley’s total phantom stock unit balance reported in this filing is 83,803.8 units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,835.2 | $55.17 | $101K |
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.
Key Figures
Key Terms
Phantom Stock Units financial
directors deferred compensation plan financial
economic equivalent financial
FAQ
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What insider transaction did Sonoco (SON) director John R. Haley report?
What are phantom stock units in the Sonoco (SON) Form 4 filing?
At what value were John R. Haley’s Sonoco (SON) phantom stock units credited?
How and when will Sonoco (SON) settle John R. Haley’s phantom stock units?
What is John R. Haley’s total phantom stock position at Sonoco (SON) after this grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.