Sonoco director granted phantom stock units
Kyle Richard G reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Kyle Richard G reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company director Richard G. Kyle received a grant of phantom stock units as part of his deferred compensation. The filing reports an award of 329.6 phantom stock units, each economically equivalent to one share of Sonoco common stock at a reference price of $48.99.
The units were credited in connection with a quarterly dividend under Sonoco's directors' deferred compensation plan and will be settled in the future when Kyle retires or otherwise leaves board service. Following this grant, he holds a total of 30,235.6 phantom stock units directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 329.6 | $48.99 | $16K |
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
Common Stock financial
FAQ
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What did Sonoco (SON) director Richard G. Kyle report in this Form 4?
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How many phantom stock units does the Sonoco (SON) director hold after this transaction?
Why did the Sonoco (SON) director receive additional phantom stock units?
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