SON Form 4: Director Hill Added 287.8 Phantom Units, Now Owns 25,293.3 Shares
Rhea-AI Filing Summary
Robert R. Hill Jr., a director of Sonoco Products Company (SON), reported acquisition of 287.8 phantom stock units on 09/10/2025 under the companys directors deferred compensation plan. Each phantom stock unit is the economic equivalent of one share of Sonoco common stock and these units were awarded as a quarterly dividend. The filing shows the units will be settled in shares upon the reporting person's retirement or termination of service. Following this transaction, Mr. Hill beneficially owns 25,293.3 shares (direct).
Positive
- Director received phantom stock units as part of the directors' deferred compensation plan, increasing economic alignment with shareholders
- Units will settle into common stock upon retirement or termination, providing long-term alignment
- Beneficial ownership reported transparently: 25,293.3 shares following the transaction
Negative
- None.
Insights
TL;DR: Director received 287.8 phantom units as dividend compensation, modestly increasing direct economic exposure to SON.
The Form 4 documents a routine issuance of phantom stock units under Sonocos directors deferred compensation plan. The units are the economic equivalent of common shares and will convert to shares upon the directors retirement or termination. This is a non-cash, compensation-driven acquisition dated 09/10/2025 and does not represent an open-market purchase or sale. The report lists a price reference of $46.06 and shows beneficial ownership of 25,293.3 shares after the grant.
TL;DR: Transaction is a standard director deferred-compensation dividend credit, reflecting routine governance compensation practice.
The disclosure indicates the grant arose from the directors deferred compensation plan and will settle at termination of service, consistent with common executive and director compensation structures. The filing was signed by a power of attorney on 09/11/2025. No departures, option exercises, or unusual indemnities are disclosed. The item appears administrative and not indicative of a change in corporate control or governance policy.