Sonoco director granted 645.6 phantom stock units
Kyle Richard G reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Kyle Richard G reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products director Richard G. Kyle received a grant of 645.6 Phantom Stock Units, each economically equivalent to one share of Sonoco common stock at a reference price of $56.15 per unit. Following this award, he holds 30,881.2 Phantom Stock Units directly. These units were accrued under the directors deferred compensation plan and are scheduled to be settled in Sonoco common stock six months after his retirement.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 645.6 | $56.15 | $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.
Key Figures
Key Terms
Phantom Stock Units financial
directors deferred compensation plan financial
economic equivalent financial
settled in Sonoco Products Company common stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Sonoco (SON) director Richard G. Kyle report in this Form 4?
How many Phantom Stock Units does Richard G. Kyle hold after this Sonoco (SON) grant?
What are Phantom Stock Units in the context of Sonoco (SON)?
At what value were the Sonoco (SON) Phantom Stock Units granted to Richard G. Kyle?
When will Richard G. Kyle’s Sonoco (SON) Phantom Stock Units be settled?
Does this Sonoco (SON) Form 4 reflect a market purchase or sale by Richard G. Kyle?
AI-generated analysis. How Rhea-AI works. Not financial advice.