Sonoco (NYSE: SON) director adds 326.7 phantom stock units via dividend credit
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HILL ROBERT R JR reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products director Robert R. Hill Jr. received a grant of 326.7 Phantom Stock Units on the company’s deferred compensation plan. Each phantom unit is economically equivalent to one share of Sonoco common stock and will be settled in the future when he retires or his board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HILL ROBERT R JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 326.7 | $48.99 | $16K |
Holdings After Transaction:
Phantom Stock Units — 29,969 shares (Direct, null)
Footnotes (1)
- Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock. 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.
Key Figures
Phantom Stock Units granted: 326.7 units
Reference price per unit: $48.99 per unit
Total phantom units after grant: 29,969 units
+1 more
4 metrics
Phantom Stock Units granted
326.7 units
Grant on 2026-06-10 under directors’ deferred compensation plan
Reference price per unit
$48.99 per unit
Price field associated with 326.7 Phantom Stock Units grant
Total phantom units after grant
29,969 units
Phantom Stock Units held following the reported transaction
Underlying common stock equivalent
326.7 shares
Each phantom unit equals one Sonoco common share economically
Key Terms
Phantom Stock Units, directors' deferred compensation plan, economic equivalent, grant, award, or other acquisition
4 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
"on quarterly dividend on Sonoco Products Company's directors' deferred compensation plan"
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share"
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What insider transaction did Sonoco Products (SON) report for Robert R. Hill Jr.?
Sonoco Products reported that director Robert R. Hill Jr. acquired 326.7 Phantom Stock Units. These units were awarded under the directors’ deferred compensation plan and increase his deferred, equity-linked compensation balance with the company.
What are Phantom Stock Units in the Sonoco Products (SON) Form 4 filing?
The Phantom Stock Units are derivative awards whose value equals one share of Sonoco common stock. They track the stock’s economic performance but are settled later, typically in cash or stock, under the deferred compensation plan’s terms.
How many Sonoco Products (SON) Phantom Stock Units does Robert R. Hill Jr. hold after this grant?
After this grant, Robert R. Hill Jr. holds 29,969 Phantom Stock Units. This figure reflects his total deferred units under Sonoco’s plan, including the 326.7 units added through the recent dividend-based award.
How were the new Phantom Stock Units for Sonoco Products (SON) director Robert R. Hill Jr. earned?
The 326.7 Phantom Stock Units were acquired through a quarterly dividend credited under Sonoco’s directors’ deferred compensation plan. Instead of receiving cash, the dividend was converted into additional phantom units tied to Sonoco’s common stock.
When will Robert R. Hill Jr.’s Sonoco Products (SON) Phantom Stock Units be settled?
The Phantom Stock Units will be settled upon Robert R. Hill Jr.’s retirement or other termination of board service. At that point, the deferred units are paid out according to Sonoco’s directors’ deferred compensation plan provisions.