SON Form 4: Pamela Davies Receives 733.7 Phantom Stock Units
Rhea-AI Filing Summary
Pamela L. Davies, a director of Sonoco Products Company (SON), acquired 733.7 phantom stock units on 09/10/2025 under the company directors' deferred compensation plan. Each phantom unit is the economic equivalent of one share of Sonoco common stock and the reported acquisition price is $46.06 per equivalent share. After this transaction Ms. Davies beneficially owns 64,494.6 shares on a direct basis. The phantom units were granted as a quarterly dividend and will be settled in common stock upon the reporting person’s retirement or other termination of service.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine director deferred-compensation crediting; no disposition reported and settlement is deferred until termination.
This Form 4 discloses a non-derivative economic credit under Sonoco’s directors' deferred compensation plan rather than an open-market purchase or sale. The reporting shows accumulation of phantom stock units that mirror common shares and will convert at termination, which aligns with typical director compensation practices and preserves current share count until settlement. Disclosure appears complete for the reported transaction date and nature.
TL;DR: Transaction is immaterial to capital structure; it increases the director’s economic exposure without immediate share issuance.
The 733.7 phantom units, priced at $46.06, represent an economic credit rather than an immediate change to outstanding common stock. The report indicates direct beneficial ownership totaling 64,494.6 shares post-transaction. For investors, this is a routine insider compensation entry with no immediate dilutive effect or cash transaction disclosed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 733.7 | $46.06 | $34K |
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.