SON director Blythe McGarvie records 842.2 deferred units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Blythe J. McGarvie, a director of Sonoco Products Company (SON), had 842.2 phantom stock units accrued under the company’s directors deferred compensation plan on 10/01/2025. Each phantom unit equals one share of Sonoco common stock and the units are recorded at an economic value of $43.04 per share. Following the reported accrual, the filing shows the reporting person beneficially owning 31,374.2 shares. The phantom units are scheduled to be settled in Sonoco common stock six months after the reporting person’s retirement, per the plan terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCGARVIE BLYTHE J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 842.2 | $43.04 | $36K |
Holdings After Transaction:
Phantom Stock Units — 31,374.2 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.
FAQ
What transaction did Sonoco (SON) report on the Form 4?
The Form 4 reports that director Blythe J. McGarvie had 842.2 phantom stock units accrued on 10/01/2025 under the directors deferred compensation plan.
What is the economic value per phantom unit reported?
Each phantom stock unit is recorded at an economic value of $43.04 per share in the Form 4.
When will the phantom stock units be settled into Sonoco common stock?
The phantom stock units are to be settled in Sonoco common stock six months after the reporting person’s retirement.
What is the reporting person’s relationship to Sonoco?
The Form 4 identifies the reporting person, Blythe J. McGarvie, as a director of Sonoco Products Company.