Sonoco director granted 22.5 phantom stock units
Sonoco Products director Scott A. Clark received an award of 22.5 Phantom Stock Units, each economically equivalent to one share of Sonoco common stock.
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Rhea-AI Filing Summary
Sonoco Products director Scott A. Clark received an award of 22.5 Phantom Stock Units, each economically equivalent to one share of Sonoco common stock. These units were acquired as part of a quarterly dividend under the directors' deferred compensation plan and will be settled after his retirement or other termination of service.
Following this grant, Clark holds a total of 2,066.9 Phantom Stock Units directly, providing deferred, stock-linked compensation aligned with Sonoco’s share performance over time.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 22.5 | $48.99 | $1K |
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.
Key Figures
Key Terms
Phantom Stock Units financial
directors' deferred compensation plan financial
economic equivalent financial
settled upon the reporting person's retirement financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Sonoco (SON) director Scott A. Clark report in this Form 4?
How many Phantom Stock Units does Scott A. Clark now hold at Sonoco (SON)?
What are Phantom Stock Units in the context of Sonoco (SON)?
How were the 22.5 Phantom Stock Units for Sonoco (SON) director Clark acquired?
Does this Sonoco (SON) Form 4 reflect an open-market stock purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.