SON Form 4: Director Accrues 842 Phantom Stock Units
Rhea-AI Filing Summary
Pamela L. Davies, a director of Sonoco Products Company (SON), reported an acquisition of 842.2 phantom stock units on 10/01/2025. Each phantom unit is the economic equivalent of one share of Sonoco common stock and will be settled in common stock six months after the reporting person’s retirement. The filing shows an implied per-share value of $43.04 and reports 65,336.8 shares beneficially owned following the transaction. The Form 4 was signed by Elizabeth R. Kremer under power of attorney on 10/02/2025. The units were accrued under Sonoco’s directors deferred compensation plan.
Positive
- 842.2 phantom stock units accrued under the directors deferred compensation plan, aligning director compensation with shareholder value
- Settlement in common stock six months after retirement creates a direct future equity stake
Negative
- None.
Insights
Director deferred compensation added 842.2 phantom units, payable in stock six months after retirement.
This transaction reflects routine compensation accrual under Sonoco’s directors deferred compensation plan and does not evidence an open-market purchase or sale.
Because the units are phantom stock to be settled in common shares, the award increases the director’s future equity exposure by 842.2 shares at an implied value of $43.04; settlement timing depends on the director's retirement date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 842.2 | $43.04 | $36K |
Footnotes (1)
- Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock. The phantom stock units were accrued under the Sonoco Products Company directors deferred compensation plan and are to be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement.