Form 4: Cabot Corp CEO Sean Keohane Acquires Phantom Stock Units

Cabot Corporation's CEO, Sean Keohane, acquired phantom stock units as part of the company's Supplemental 401(k) Plan.

Summary

• Sean Keohane, the President and CEO of Cabot Corporation, acquired 167.9467 phantom stock units on December 13, 2024.
• These units were acquired as part of the Corporation's Supplemental 401(k) Plan.
• The phantom stock units are equivalent to 167.9467 shares of common stock.
• The price per unit was $103.38.
• These units will be settled upon Mr. Keohane's retirement or termination of employment.
• Following this transaction, Mr. Keohane directly owns 40,545.4435 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally to slightly positive as it aligns management with shareholder interests.

Positives

• The acquisition of phantom stock units aligns the CEO's interests with the long-term performance of the company.
• The 401(k) plan is a common benefit for employees and executives.

Industry Context

This is a standard transaction for executive compensation, aligning management's interests with shareholders through equity-based incentives.

Comparison to Industry Standards

• Many companies use phantom stock units as part of their executive compensation packages.
• These units are often tied to retirement or termination of employment, which is a common practice.
• The use of a supplemental 401(k) plan is also a common method for providing additional retirement benefits to executives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the CEO's interests with the company's performance.

Key Dates

Keywords

phantom stock units, Cabot Corporation, Sean Keohane, 401k plan, executive compensation, stock ownership