Sonoco (SON) director receives 276 phantom stock units as deferred pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonoco Products director Philippe Guillemot reported a routine compensation-related award of phantom stock units. He acquired 276.1 phantom stock units on a quarterly dividend under the company’s directors’ deferred compensation plan, each economically equivalent to one share of Sonoco common stock.
Following this transaction, Guillemot holds a total of 28,031.4 phantom stock units. These units will be settled in connection with his retirement or other termination of service, so this filing reflects deferred, non-cash compensation rather than an open-market purchase or sale of Sonoco shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Guillemot Philippe
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 276.1 | $53.29 | $15K |
Holdings After Transaction:
Phantom Stock Units — 28,031.4 shares (Direct)
Footnotes (1)
- Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock. 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
What insider transaction did Sonoco (SON) director Philippe Guillemot report?
Philippe Guillemot reported acquiring 276.1 phantom stock units as part of Sonoco’s directors’ deferred compensation plan. This award is compensation-related, not an open-market trade, and is tied to a quarterly dividend credited to his deferred account.
What are phantom stock units in the Sonoco (SON) Form 4 filing?
The phantom stock units are bookkeeping entries whose value mirrors Sonoco common stock. Each unit is the economic equivalent of one Sonoco share, providing equity-linked compensation without immediate share issuance or voting rights, and will be settled at a later date.
How many phantom stock units does Philippe Guillemot hold after this Sonoco (SON) transaction?
After the reported transaction, Philippe Guillemot holds 28,031.4 phantom stock units. This total includes the newly credited 276.1 units from the quarterly dividend and represents his accumulated balance under the directors’ deferred compensation plan.
Was the Sonoco (SON) insider transaction a market buy or sell of common stock?
No, the transaction was not a market buy or sell of common stock. It was a grant of 276.1 phantom stock units credited as a quarterly dividend within a deferred compensation plan, with settlement deferred until retirement or another service-ending event.
When will the Sonoco (SON) phantom stock units reported by Philippe Guillemot be settled?
The phantom stock units will be settled upon Philippe Guillemot’s retirement or other termination of service. Until that time, they function as deferred, stock-linked compensation, tracking the economic value of Sonoco common stock rather than existing as currently tradable shares.