Sonoco director granted phantom stock units
Sonoco Products Company director John R. Haley received a grant of phantom stock units.
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Rhea-AI Filing Summary
Sonoco Products Company director John R. Haley received a grant of phantom stock units. On the transaction date, he acquired 808.1 phantom stock units, each economically equivalent to one share of Sonoco common stock, increasing his holdings in this plan to 81,968.6 units.
The units were credited as part of a quarterly dividend under Sonoco’s directors’ deferred compensation plan and will be settled in shares of common stock when he retires or otherwise leaves board service. This is a compensation-related, non-cash award rather than an open-market stock purchase.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 808.1 | $53.29 | $43K |
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 insider transaction did Sonoco (SON) director John R. Haley report?
What are phantom stock units in the Sonoco (SON) deferred compensation plan?
How many phantom stock units does John R. Haley hold after this Sonoco (SON) Form 4?
Was the Sonoco (SON) Form 4 transaction an open-market stock purchase or sale?
When will John R. Haley’s Sonoco (SON) phantom stock units be settled?
AI-generated analysis. How Rhea-AI works. Not financial advice.