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

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 September 13, 2024, Juan Enriquez, a director of Cabot Corp, acquired 212.2451 phantom stock units due to dividends paid on existing units.
• The price per share was $104.75.
• Following the transaction, Enriquez directly owns 51,916.1334 shares of Cabot Corp common stock.
• The phantom stock units will be settled 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 a director's continued investment in the company through dividend reinvestment. It's a routine transaction and doesn't indicate any significant positive or negative development.

Positives

• The acquisition of phantom stock units reflects continued investment in the company by a director.
• The dividend payment on phantom stock units is a benefit of the Non-Employee Director's Deferral Plan.

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, and doesn't necessarily reflect broader industry trends.

Stakeholder Impact

• The transaction has minimal direct impact on stakeholders as it is related to director compensation.

Key Dates