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 phantom stock units under the company's supplemental 401(k) plan on September 30, 2024.
Summary
- On September 30, 2024, Sean D. Keohane, the President and CEO of Cabot Corporation, acquired 227.1147 phantom stock units.
- The acquisition was made under the Corporation's supplemental 401(k) plan.
- The price of the phantom stock units was $111.77.
- Following the transaction, Keohane directly owns 40,377.4967 derivative securities.
- The phantom stock units are to be settled upon Keohane's retirement or other termination of service.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard disclosure of executive compensation.
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 executive's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Sean D. Keohane acquired phantom stock units. |
| 10/02/2024 | Date of signature on the Form 4 filing. |
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