Form 4: Cabot Corp CEO Sean D. Keohane Acquires Phantom Stock Units
SEC Form 4 Filing
Sean D. Keohane, President and CEO of Cabot Corporation, acquired 2,461.0633 phantom stock units under the company's supplemental 401(k) plan on December 31, 2024.
Summary
- On December 31, 2024, Sean D. Keohane, the President and CEO of Cabot Corporation, acquired 2,461.0633 phantom stock units.
- The acquisition was made under the Corporation's supplemental 401(k) plan.
- The price of the derivative security was $91.31.
- These units are to be settled upon Keohane's retirement or other termination of service.
- Following the transaction, Keohane directly owns 43,006.5068 shares of common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and insider alignment with company performance.
Positives
- The acquisition of phantom stock units by the CEO demonstrates alignment with the company's long-term performance.
Future Outlook
The phantom stock units will be settled upon the reporting person's retirement or other termination of service.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of phantom stock units aligns the CEO's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of transaction: Sean D. Keohane acquired phantom stock units. |
| 01/02/2025 | Date of signature on the Form 4 filing. |
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