Sonoco director granted 288 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 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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 288 | $53.29 | $15K |
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sonoco Products (SON) director Richard G. Kyle report?
What are Phantom Stock Units in the Sonoco Products (SON) director plan?
At what value were the new Sonoco (SON) Phantom Stock Units credited to the director?
How many Sonoco (SON) Phantom Stock Units does the director hold after this grant?
When will Sonoco (SON) settle the director’s Phantom Stock Units?
How were the new Sonoco (SON) Phantom Stock Units for the director acquired?
AI-generated analysis. How Rhea-AI works. Not financial advice.