Form 4: Director Robert R. Hill Jr. Reports Phantom Stock Unit Acquisition in Sonoco Products Co.
SEC Form 4 Filing
Robert R. Hill Jr., a director of Sonoco Products Co., reported the acquisition of phantom stock units under the company's directors deferred compensation plan.
Summary
- On April 1, 2024, Robert R. Hill Jr., a director of Sonoco Products Co. [SON], acquired phantom stock units.
- The transaction involved 629.3 phantom stock units, each equivalent to one share of Sonoco Products Company common stock.
- The price per unit was $57.6.
- Following the transaction, Hill directly owns 20,184.5 phantom stock units.
- These units were accrued under the Sonoco Products Company directors deferred compensation plan and will be settled in Sonoco Products Company common stock 6 months after Hill's retirement.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction related to director compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Future Outlook
The phantom stock units will be settled in Sonoco Products Company common stock six months after the reporting person's retirement.
Industry Context
This filing is a routine disclosure related to director compensation and holdings, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of phantom stock units transaction |
| 04/03/2024 | Date of report filing |
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