Haley John R 4
Research Summary
AI-generated summary
Sonoco (SON) Director Haley John R Receives Award
What Happened
- Haley John R, a director of Sonoco Products Co. (SON), received a grant/award of 924.8 phantom shares (derivative) on 2026-06-10 at an effective value of $48.99 each, totaling $45,306. This was an award under the company’s directors' deferred compensation arrangement rather than an open-market purchase.
Key Details
- Transaction date and value: 2026-06-10 — 924.8 phantom shares @ $48.99 each; total $45,306.
- Transaction type: A (Grant/Award) — derivative phantom stock, not immediate common-stock ownership.
- Shares owned after transaction: Not specified in the filing.
- Filing date: 2026-06-12 — filed two days after the transaction (appears timely).
- Footnotes:
- Each phantom share equals the economic equivalent of one common share.
- These phantom shares were acquired via a quarterly dividend in the directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.
Context
- This is a deferred-compensation award (derivative phantom stock) that provides economic exposure to Sonoco shares but will be settled later — it does not represent an immediate open-market purchase or sale.
- Such awards are routine for directors and reflect compensation mechanics rather than an explicit buy or sell signal.