Sonoco director granted phantom stock units
HILL ROBERT R JR reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
HILL ROBERT R JR reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company director Robert R. Hill Jr. received a grant of 279.2 Phantom Stock Units tied to company common stock. Each unit is economically equivalent to one share of common stock and was credited as part of the quarterly dividend under the directors' deferred compensation plan.
Following this grant, Hill holds a total of 28,350.8 Phantom Stock Units, which will be settled in connection with his retirement or other termination of board service. This is a routine, compensation-related, non-cash award rather than an open-market stock purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 279.2 | $53.29 | $15K |
Footnotes (2)
- F1. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
- F2. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Sonoco (SON) director Robert R. Hill Jr. report in this Form 4?
Are the Sonoco (SON) Phantom Stock Units in this Form 4 an open-market purchase or sale?
How many Phantom Stock Units does the Sonoco (SON) director hold after this transaction?
When will the Sonoco (SON) Phantom Stock Units reported here be settled?
AI-generated analysis. How Rhea-AI works. Not financial advice.