Form 4: Cabot Corp CEO Sean Keohane Reports Phantom Stock Unit Dividend Acquisition

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

Summary

• On September 13, 2024, Sean D. Keohane, President and CEO of Cabot Corporation, acquired 164.1441 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 $104.75.
• Following this transaction, Keohane directly owns 40,150.382 phantom stock units.
• The phantom stock units are to be settled upon Keohane's retirement or other termination of employment.
• Keohane has a power of attorney agreement in place, with Jennifer Lombardi signing on his behalf.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects routine compensation and compliance with regulations. The acquisition of phantom stock units through dividend payments is a normal part of the company's employee benefits program.

Positives

• The acquisition of phantom stock units through dividend payments reflects the company's commitment to its employee benefits program.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's securities, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The transaction has a minor positive impact on stakeholders as it reflects the company's commitment to its employee benefits program.

Key Dates