Sonoco (SON) director receives 645 phantom stock units as compensation grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Guillemot Philippe reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company director Philippe Guillemot reported a routine equity-based compensation grant. He received 645.6 Phantom Stock Units, each economically equivalent to one share of Sonoco common stock at a reference value of $56.15 per unit.
The units were accrued under Sonoco’s directors deferred compensation plan and will be settled in common stock six months after his retirement. Following this award, Guillemot holds a total of 29,650.3 Phantom Stock Units, reflecting deferred, non-cash compensation rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Guillemot Philippe
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 645.6 | $56.15 | $36K |
Holdings After Transaction:
Phantom Stock Units — 29,650.3 shares (Direct, null)
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: 645.6 units
Reference value per unit: $56.15 per unit
Total Phantom Units after grant: 29,650.3 units
+2 more
5 metrics
Phantom Stock Units granted
645.6 units
Grant on 2026-07-01 to director Philippe Guillemot
Reference value per unit
$56.15 per unit
Price field associated with the 645.6 Phantom Stock Units
Total Phantom Units after grant
29,650.3 units
Director’s phantom stock balance following the transaction
Underlying common shares
645.6 shares
Common stock equivalent for the new Phantom Stock Units
Conversion or exercise price
$0.00
Conversion price field for the Phantom Stock Units
Key Terms
Phantom Stock Units, economic equivalent, directors deferred compensation plan, common stock
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.
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share"
directors deferred compensation plan financial
"accrued under the Sonoco Products Company directors deferred compensation plan"
A directors deferred compensation plan lets a board member postpone receiving part or all of their cash fees or stock-based pay until a future date, often retirement, allowing taxes to be delayed and payouts to be structured over time. Investors care because these plans change a company’s future cash obligations and reveal how the board’s pay is aligned with long-term performance—like choosing to take a paycheck later to tie personal reward to the company’s future results.
common stock financial
"economic equivalent of one share of Sonoco Products Company common stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.