Form 4: Cabot Corp Director Juan Enriquez Reports Phantom Stock Unit Acquisition

Director Juan Enriquez reports acquisition of phantom stock units in Cabot Corp due to dividend payments.

Summary

• On March 8, 2024, Juan Enriquez, a director of Cabot Corp, acquired phantom stock units due to dividends paid under the Corporation's Non-Employee Director's Deferral Plan.
• The transaction resulted in the acquisition of 232.5654 phantom stock units at a price of $87.11, with a total value of $20,258.54.
• Following the transaction, Enriquez directly owns 50,879.4824 phantom stock units.
• These units will be settled either upon termination of service as a director or according to the distribution election of the reporting person.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director interests with the company.

Positives

• The acquisition of phantom stock units reflects continued alignment of the director's interests with the company's performance.

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 of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily concerns internal compensation arrangements for a director.

Key Dates