Form 4: Cabot Corp CEO Sean D. Keohane Reports Acquisition of Phantom Stock Units

Sean D. Keohane, President and CEO of Cabot Corporation, reports the acquisition of phantom stock units due to dividends paid under the company's Supplemental 401(k) Plan.

Summary

• On June 14, 2024, Sean D. Keohane, the President and CEO of Cabot Corporation, acquired 175.4916 phantom stock units.
• These units were acquired as a result of dividends paid on phantom stock units under the Corporation's Supplemental 401(k) Plan.
• The reporting person directly owns 39,763.1451 shares of Cabot Corp common stock.
• The phantom stock units are to be settled upon the reporting person's retirement or other termination of employment.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating stable management practices and adherence to regulatory requirements. The sentiment is neutral to slightly positive as it reflects ongoing compensation and investment in the company by its CEO.

Future Outlook

The phantom stock units will be settled upon the reporting person's retirement or other termination of employment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation.
• Employees participating in the Supplemental 401(k) Plan may be indirectly impacted by the dividend payments on phantom stock units.

Key Dates