Form 4: Sonoco Director John R. Haley Reports Phantom Stock Unit Acquisition
SEC Form 4 Filing
Director John R. Haley reports acquisition of phantom stock units under Sonoco's deferred compensation plan.
Summary
- On July 1, 2024, John R. Haley, a director of Sonoco Products Co, acquired 2,012.5 phantom stock units under the company's directors deferred compensation plan.
- These units are to be settled in Sonoco common stock six months after Haley's retirement.
- Following the transaction, Haley directly owns 63,609.7 phantom stock units.
- The price of the phantom stock units was $50.31.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The phantom stock units will be settled in Sonoco common stock six months after the reporting person's retirement.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It is common for directors to receive stock-based compensation as part of their overall remuneration.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director compensation.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Acquisition of phantom stock units |
| 07/03/2024 | Date of report filing |
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