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 March 8, 2024, Sean D. Keohane, the President and CEO of Cabot Corporation, acquired 180.9514 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 price per unit is $87.11.
• Following this transaction, Keohane directly owns 39,587.6534 phantom stock units.
• The phantom stock units are to be settled upon Keohane's retirement or other termination of employment.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects routine compensation and alignment of executive interests with company performance through stock-based compensation.

Positives

• The acquisition of phantom stock units through dividend payments on the 401(k) plan aligns the CEO's interests with the company's performance.

Future Outlook

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The acquisition of phantom stock units by the CEO aligns his interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates