Sonoco director receives 204 phantom stock units
Drew Theresa J reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Drew Theresa J reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company director Theresa J. Drew received 204.1 phantom stock units as a compensation-related award. Each phantom unit is economically equivalent to one share of Sonoco common stock. The award was credited in connection with a quarterly dividend under the directors' deferred compensation plan.
Following this grant, Drew holds a total of 20,727.2 phantom stock units, which will be settled in connection with her retirement or other termination of board service. This is a routine, non-cash adjustment to her deferred compensation, not an open-market stock purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 204.1 | $53.29 | $11K |
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 did Sonoco (SON) director Theresa J. Drew report on this Form 4?
What are the phantom stock units reported by Sonoco (SON) director Drew?
How many phantom stock units does Theresa J. Drew hold after this Sonoco (SON) transaction?
When will the Sonoco (SON) phantom stock units granted to Drew be settled?
Does this Sonoco (SON) Form 4 indicate a trading plan or tax withholding event?
AI-generated analysis. How Rhea-AI works. Not financial advice.