Form 4: Cabot Corp Director Juan Enriquez Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Juan Enriquez reports acquiring phantom stock units in Cabot Corp, convertible to cash upon termination or distribution election.
Summary
- On March 28, 2024, Juan Enriquez, a director of Cabot Corp, acquired 298.2646 phantom stock units.
- These units are convertible to cash, either upon termination of service as a director or according to the reporting person's distribution election.
- The price of the phantom stock is $92.2.
- Following the transaction, Enriquez directly owns 51,177.747 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of phantom stock units by a director can be seen as a positive sign, aligning the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: Juan Enriquez acquired phantom stock units. |
| 04/01/2024 | Date of signature for the report. |
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