Sonoco (NYSE: SON) director reports 336.2 new phantom stock units on Form 4
Rhea-AI Filing Summary
Sonoco Products Company director reports additional phantom stock units from dividend credits. A board member of Sonoco Products Company, identified as a director, filed a Form 4 disclosing the acquisition of 336.2 phantom stock units on 12/10/2025 at a price of $41.93 per unit under the company’s directors' deferred compensation plan. After this transaction, the reporting person beneficially owns 26,938.3 phantom stock units in direct form. Each phantom stock unit is the economic equivalent of one share of Sonoco common stock and will be settled in the future when the director retires or otherwise leaves board service, rather than being settled immediately.
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FAQ
What insider transaction did Sonoco Products (SON) report in this Form 4?
The filing shows a Sonoco Products Company director acquired 336.2 phantom stock units on 12/10/2025 through the directors' deferred compensation plan, tied to a quarterly dividend.
What are the phantom stock units reported by the Sonoco (SON) director?
Each phantom stock unit is the economic equivalent of one share of Sonoco Products Company common stock and tracks the value of the underlying shares without being actual stock.
How many phantom stock units does the Sonoco director own after this transaction?
Following the reported transaction, the director beneficially owns 26,938.3 phantom stock units, all reported as held in direct form.
How and when will the Sonoco (SON) phantom stock units be settled?
The phantom stock units acquired under Sonoco’s directors' deferred compensation plan will be settled upon the director’s retirement or other termination of service, rather than immediately.
What triggered the acquisition of phantom stock units for the Sonoco director?
The additional 336.2 phantom stock units were acquired on a quarterly dividend credited under Sonoco Products Company’s directors' deferred compensation plan.
Does this Sonoco Form 4 involve common stock or only derivative securities?
The reported transaction involves phantom stock units, a type of derivative security tied to Sonoco common stock, rather than a direct trade in common shares.