Sonoco Products (SON) director boosts deferred phantom stock to 31,770.8 units
Rhea-AI Filing Summary
Sonoco Products Company director reports quarterly phantom stock grant
Blythe J. McGarvie, a director of Sonoco Products Company, reported an acquisition of 396.6 phantom stock units on 12/10/2025 under the company’s directors’ deferred compensation plan. Each phantom stock unit is the economic equivalent of one share of Sonoco common stock and was valued at $41.93 per unit for this transaction. Following this grant, McGarvie beneficially owns a total of 31,770.8 phantom stock units, held directly.
The filing notes that these phantom stock units were acquired in connection with a quarterly dividend credited under the deferred compensation plan and will be settled in Sonoco common stock when the director retires or otherwise leaves board service. This reflects routine, dividend-based growth in the director’s deferred equity-based compensation rather than an open-market stock purchase.
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FAQ
What insider transaction did Sonoco Products (SON) report for 12/10/2025?
Sonoco Products Company reported that director Blythe J. McGarvie acquired 396.6 phantom stock units on 12/10/2025 under the company’s directors’ deferred compensation plan.
How many Sonoco (SON) phantom stock units does the director own after this transaction?
After the reported transaction, director Blythe J. McGarvie beneficially owns 31,770.8 phantom stock units, held in a direct ownership capacity.
What is a phantom stock unit in Sonoco Products (SON) deferred compensation plan?
The filing explains that each phantom stock unit is the economic equivalent of one share of Sonoco Products Company common stock and is used in the directors’ deferred compensation plan.
How were the new phantom stock units for Sonoco (SON) director acquired?
The 396.6 phantom stock units were acquired on a quarterly dividend credited under Sonoco’s directors’ deferred compensation plan, rather than through an open-market purchase.
When will Sonoco (SON) phantom stock units be settled for the director?
The filing states that the phantom stock units will be settled upon the reporting person’s retirement or other termination of service from Sonoco’s board.
What price per unit is associated with the Sonoco (SON) phantom stock transaction?
The transaction values the phantom stock units at $41.93 per unit for the 396.6 units acquired on 12/10/2025.