Sonoco (SON) director adds 288 phantom stock units via deferred plan
Filing Impact
Filing Sentiment
Form Type
4
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 288 Phantom Stock Units, each economically equivalent to one share of Sonoco common stock. These units were credited at a value of $53.29 per unit under the company’s directors' deferred compensation plan.
Following this grant, Kyle holds a total of 29,248.9 Phantom Stock Units, which track the value of Sonoco common stock. The units will be settled in accordance with the plan when he retires or otherwise leaves board service, aligning part of his compensation with long-term shareholder outcomes.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kyle Richard G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 288 | $53.29 | $15K |
Holdings After Transaction:
Phantom Stock Units — 29,248.9 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 Products (SON) director Richard G. Kyle report?
Richard G. Kyle received 288 Phantom Stock Units as part of his director compensation. Each unit is economically equivalent to one Sonoco common share, increasing his total Phantom Stock Units to 29,248.9 under the deferred compensation plan.
What are Phantom Stock Units in the Sonoco Products (SON) director plan?
Phantom Stock Units are bookkeeping entries that mirror Sonoco’s common stock value. Each unit equals one share economically, allowing directors to defer compensation and participate in share price changes without immediate share issuance or voting rights.
At what value were the new Sonoco (SON) Phantom Stock Units credited to the director?
The 288 Phantom Stock Units were credited at $53.29 per unit. This value sets the economic basis for the grant under Sonoco’s directors' deferred compensation plan, tying the award’s future value to movements in the common stock price.
How many Sonoco (SON) Phantom Stock Units does the director hold after this grant?
After receiving 288 additional Phantom Stock Units, Richard G. Kyle holds 29,248.9 units in total. These units represent deferred director compensation that tracks Sonoco’s common stock performance and will be settled after his board service ends.
When will Sonoco (SON) settle the director’s Phantom Stock Units?
The Phantom Stock Units will be settled upon the director’s retirement or other termination of service. Settlement timing follows Sonoco’s directors' deferred compensation plan, aligning payout with the end of the director’s board tenure rather than current service.
How were the new Sonoco (SON) Phantom Stock Units for the director acquired?
The 288 Phantom Stock Units were acquired in connection with a quarterly dividend under Sonoco’s directors' deferred compensation plan. Instead of a cash payout, compensation was credited in units linked to Sonoco’s common stock value.