Sonoco (SON) director John R. Haley granted 808 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Haley John R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 808.1 | $53.29 | $43K |
Holdings After Transaction:
Phantom Stock Units — 81,968.6 shares (Direct)
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.
FAQ
What insider transaction did Sonoco (SON) director John R. Haley report?
John R. Haley reported acquiring 808.1 phantom stock units tied to Sonoco common stock. These units were granted as part of a quarterly dividend under the directors’ deferred compensation plan and represent a routine, compensation-related award rather than an open-market stock purchase.
What are phantom stock units in the Sonoco (SON) deferred compensation plan?
Phantom stock units in Sonoco’s plan are bookkeeping units economically equivalent to one share of common stock. Directors accumulate these units over time, typically through fees or dividends, and receive actual shares of Sonoco stock when they retire or end their board service.
How many phantom stock units does John R. Haley hold after this Sonoco (SON) Form 4?
After this transaction, John R. Haley holds 81,968.6 phantom stock units linked to Sonoco common stock. This updated balance reflects the addition of 808.1 units credited from the quarterly dividend under the directors’ deferred compensation plan for his board service.
Was the Sonoco (SON) Form 4 transaction an open-market stock purchase or sale?
The transaction was not an open-market purchase or sale of Sonoco stock. It was a grant or award acquisition of phantom stock units credited under the directors’ deferred compensation plan, tied to a quarterly dividend, and will be settled in stock at a later retirement-related date.
When will John R. Haley’s Sonoco (SON) phantom stock units be settled?
The phantom stock units are scheduled to be settled upon John R. Haley’s retirement or other termination of service as a director. At that time, he is expected to receive Sonoco common stock equal to the number of phantom units credited in his deferred compensation account.