Form 4: Cabot Corp Director Douglas G. Del Grosso Reports Changes in Beneficial Ownership

Director Douglas G. Del Grosso reports an acquisition of phantom stock units due to dividends paid under Cabot Corporation's Non-Employee Director's Deferral Plan.

Summary

• On June 14, 2024, Douglas G. Del Grosso, a director of Cabot Corporation, reported changes in beneficial ownership.
• The report indicates the acquisition of 21.8291 phantom stock units due to dividends paid on previously acquired units under the Corporation's Non-Employee Director's Deferral Plan.
• These phantom stock units are convertible to common stock on a 1-for-1 basis.
• Following the transaction, Del Grosso beneficially owns 4,946.0714 phantom stock units.
• The settlement of these units will occur either upon termination of service as a director or according to the distribution election of the reporting person.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it shows continued director investment in the company.

Positives

• The acquisition of phantom stock units through dividend payments reflects a continued investment in the company by a director.

Future Outlook

The phantom stock units will be settled either upon the reporting person's termination of service as a director or in accordance with the distribution election of the reporting person, whichever first occurs.

Industry Context

This filing is a routine disclosure related to director compensation and holdings, common in publicly traded companies. It provides transparency regarding the alignment of director interests with shareholder value.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and alignment of interests.

Key Dates