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

Director Juan Enriquez reports acquisition of phantom stock units due to dividend payments under Cabot Corporation's Non-Employee Director's Deferral Plan.

Summary

• On June 14, 2024, Juan Enriquez, a director of Cabot Corp, acquired 226.8704 phantom stock units.
• This acquisition is a result of dividends paid on phantom stock units acquired under the Corporation's Non-Employee Director's Deferral Plan.
• The price per unit is $97.
• Following this transaction, Enriquez directly owns 51,404.6174 phantom stock units.
• 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.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance practices. The sentiment is neutral to slightly positive as it shows alignment of director interests with shareholders through equity-based compensation.

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 among publicly traded companies. It reflects standard practices for compensating non-employee directors with equity-based awards.

Comparison to Industry Standards

• Director compensation packages often include stock options, restricted stock units (RSUs), or phantom stock units to align director interests with shareholder value.
• Companies like Dow, DuPont, and 3M also utilize equity-based compensation for their directors.
• The specific terms of Cabot Corp's Non-Employee Director's Deferral Plan would need to be compared to similar plans at peer companies to assess its competitiveness and alignment with industry norms.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance through equity ownership.

Key Dates