Sonoco counsel awarded dividend and phantom stock units
Sonoco Products Company executive John M. Florence, General Counsel, Secretary and Vice President, reported routine compensation-related awards.
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Rhea-AI Filing Summary
Sonoco Products Company executive John M. Florence, General Counsel, Secretary and Vice President, reported routine compensation-related awards. He acquired 367.2 dividend equivalent units on restricted stock units and 468 phantom stock units, each economically equivalent to one share of Sonoco common stock.
The dividend equivalents and phantom stock units were credited in connection with quarterly dividend activity and the company’s officers’ deferred compensation plan. According to the disclosure, these awards will be settled in Sonoco common stock upon Mr. Florence’s retirement or other termination of service, rather than through immediate market transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units | 367.2 | $53.29 | $20K |
| Grant/Award | Phantom Stock Units | 468 | $53.29 | $25K |
Footnotes (4)
- F1. Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock
- F2. Acquired quarterly dividend equivalent rights on Restricted Stock which will be settled upon the reporting person's retirement or other termination of service.
- F3. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
- F4. Acquired on quarterly dividend on Sonoco Products Company's officers' 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 did Sonoco (SON) executive John M. Florence report in this Form 4?
What are the dividend equivalents on restricted stock units reported for Sonoco (SON)?
What phantom stock units did John M. Florence receive from Sonoco (SON)?
Are these Sonoco (SON) Form 4 transactions open-market buys or sells?
When will the Sonoco (SON) dividend equivalents and phantom stock units be settled?
How many units does John M. Florence hold after these Sonoco (SON) awards?
AI-generated analysis. How Rhea-AI works. Not financial advice.