Sonoco (SON) director gains 316.2 phantom stock units via deferred dividend credit
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Guillemot Philippe reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products director Philippe Guillemot received a grant of 316.2 Phantom Stock Units on a quarterly dividend credited under the directors' deferred compensation plan. Each unit is economically equivalent to one share of common stock, bringing his phantom stock holdings to 29,004.7 units, to be settled at retirement or other termination of service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Guillemot Philippe
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 316.2 | $48.99 | $15K |
Holdings After Transaction:
Phantom Stock Units — 29,004.7 shares (Direct, null)
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.
Key Figures
Phantom stock units granted: 316.2 units
Equivalent share price reference: $48.99 per unit
Total phantom units after grant: 29,004.7 units
+1 more
4 metrics
Phantom stock units granted
316.2 units
Quarterly dividend credit on directors' deferred compensation plan
Equivalent share price reference
$48.99 per unit
Transaction price per Phantom Stock Unit
Total phantom units after grant
29,004.7 units
Holdings following reported transaction
Underlying common stock shares
316.2 shares
Underlying Sonoco common stock equivalent for new units
Key Terms
Phantom Stock Units, directors' deferred compensation plan, economic equivalent, retirement or other termination of service
4 terms
Phantom Stock Units financial
"security_title: "Phantom Stock Units""
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
directors' deferred compensation plan financial
"on Sonoco Products Company's directors' deferred compensation plan"
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share"
retirement or other termination of service financial
"will be settled upon the reporting person's retirement or other termination of service"
FAQ
What insider transaction did Sonoco (SON) director Philippe Guillemot report?
Philippe Guillemot reported receiving 316.2 Phantom Stock Units as a grant. The units were acquired through a quarterly dividend credited under Sonoco’s directors’ deferred compensation plan, increasing his total phantom stock holdings to 29,004.7 units equivalent to common shares.
What are Phantom Stock Units in the Sonoco (SON) Form 4 filing?
Phantom Stock Units are awards whose value mirrors Sonoco common stock. Each phantom share is the economic equivalent of one share of Sonoco Products Company common stock and is typically settled in the future, such as at retirement or other termination of service.
How many Phantom Stock Units does Philippe Guillemot hold after this Sonoco (SON) grant?
After the reported grant, Philippe Guillemot holds 29,004.7 Phantom Stock Units. This total includes the newly credited 316.2 units from the quarterly dividend under the directors’ deferred compensation plan, all economically equivalent to Sonoco common shares.
When will Philippe Guillemot’s Sonoco (SON) Phantom Stock Units be settled?
The Phantom Stock Units will be settled upon Philippe Guillemot’s retirement or other termination of service. Until that time, they function as deferred compensation that tracks the economic value of Sonoco Products Company common stock on a one-for-one basis.
How were the new Sonoco (SON) Phantom Stock Units for Philippe Guillemot acquired?
The 316.2 Phantom Stock Units were acquired through a quarterly dividend on Sonoco’s directors’ deferred compensation plan. Instead of receiving a cash dividend, the plan credited additional phantom units that mirror the value of Sonoco’s common stock.