Sonoco director granted 276 phantom stock units
Sonoco Products director Philippe Guillemot reported a routine compensation-related award of phantom stock units.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 276.1 | $53.29 | $15K |
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 insider transaction did Sonoco (SON) director Philippe Guillemot report?
What are phantom stock units in the Sonoco (SON) Form 4 filing?
How many phantom stock units does Philippe Guillemot hold after this Sonoco (SON) transaction?
Was the Sonoco (SON) insider transaction a market buy or sell of common stock?
When will the Sonoco (SON) phantom stock units reported by Philippe Guillemot be settled?
AI-generated analysis. How Rhea-AI works. Not financial advice.