Sonoco (NYSE: SON) director John R. Haley awarded 1,835 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Haley John R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,835.2 | $55.17 | $101K |
Holdings After Transaction:
Phantom Stock Units — 83,803.8 shares (Direct)
Footnotes (1)
- Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock. 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
Phantom stock units granted: 1,835.2 units
Reference price per unit: $55.17 per unit
Total phantom units after grant: 83,803.8 units
+1 more
4 metrics
Phantom stock units granted
1,835.2 units
Grant of phantom stock units on April 1, 2026
Reference price per unit
$55.17 per unit
Economic equivalent of Sonoco common stock
Total phantom units after grant
83,803.8 units
Phantom stock balance following the reported transaction
Underlying security shares
1,835.2 shares
Underlying Sonoco common stock equivalent to granted units
Key Terms
Phantom Stock Units, directors deferred compensation plan, economic equivalent
3 terms
Phantom Stock Units financial
"security_title: "Phantom Stock Units""
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
directors deferred compensation plan financial
"were accrued under the Sonoco Products Company directors deferred compensation plan"
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share"
FAQ
What insider transaction did Sonoco (SON) director John R. Haley report?
John R. Haley reported receiving 1,835.2 phantom stock units as a compensation grant. These units are tied to Sonoco Products Company common stock and were issued under the directors deferred compensation plan, increasing his reported phantom stock balance to 83,803.8 units.
What are phantom stock units in the Sonoco (SON) Form 4 filing?
The phantom stock units are instruments whose value equals one share of Sonoco common stock. They track the stock’s economic value but do not represent immediate share ownership, and are instead credited under a deferred compensation plan for directors until a future settlement date.
At what value were John R. Haley’s Sonoco (SON) phantom stock units credited?
Haley’s 1,835.2 phantom stock units were credited at $55.17 per unit, matching the economic value of Sonoco common stock. This reference price is used for the deferred compensation accounting, not as an open-market purchase or sale price.
How and when will Sonoco (SON) settle John R. Haley’s phantom stock units?
The phantom stock units will be settled in Sonoco common stock six months after Haley’s retirement. Until then, the units remain as deferred compensation entries, economically tracking the value of Sonoco’s common shares without current share delivery.
What is John R. Haley’s total phantom stock position at Sonoco (SON) after this grant?
After this compensation grant, Haley holds 83,803.8 phantom stock units according to the filing. Each unit reflects the economic value of one Sonoco common share, forming a significant deferred compensation position linked to the company’s equity performance.