Guillemot Philippe 4
Research Summary
AI-generated summary
Sonoco (SON) Director Philippe Guillemot Receives Phantom Stock Award
What Happened
- Philippe Guillemot, a director of Sonoco Products Company (SON), was credited with 276.1 phantom shares (derivative award) on 2026-03-10 at an attributed value of $53.29 per share, totaling $14,713. This was an award/acquisition (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-03-10; Filing date: 2026-03-11 (timely).
- Price/value: $53.29 per share; total value reported $14,713.
- Shares acquired: 276.1 phantom shares (derivative interest).
- Shares owned after transaction: Not specified in this filing.
- Footnotes: F1 — each phantom share equals the economic equivalent of one share of Sonoco common stock. F2 — these phantom shares were credited as a quarterly dividend under the directors' deferred compensation plan and will be settled when the director retires or otherwise terminates service.
- Transaction code: A (award/acquisition of a derivative).
Context
- This is a routine deferred-compensation credit (phantom stock), not an immediate cash purchase or sale, and does not indicate an immediate change in open-market ownership. Such awards are common for directors and are typically settled in stock or cash upon departure.