Form 4: Cabot Corp Director Matthias L. Wolfgruber Reports Changes in Beneficial Ownership

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

Summary

• On December 31, 2024, Matthias L. Wolfgruber, a director of Cabot Corp, acquired 314.8614 phantom stock units.
• These units were acquired due to dividends paid on phantom stock units under the Corporation's Non-Employee Director's Deferral Plan.
• The price of the phantom stock units was $91.31.
• Following the transaction, Wolfgruber directly owns 22,550.9798 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 a neutral to slightly positive sentiment as it demonstrates continued alignment of director interests with the company's performance.

Positives

• The acquisition of phantom stock units reflects continued participation in the company's director deferral plan.

Future Outlook

Settlement of phantom stock units will occur upon termination of service as a director or according to the director's distribution election.

Industry Context

Directors often receive stock or stock-based compensation as part of their overall compensation package, aligning their interests with those of shareholders. Phantom stock units are a common form of deferred compensation.

Comparison to Industry Standards

• Director compensation packages vary widely across industries and companies.
• Comparing Cabot Corp's director compensation structure to that of similar-sized companies in the specialty chemicals industry would provide a more comprehensive understanding of its competitiveness.
• Companies like Celanese, Ashland, and Hunstman could be considered peers for benchmarking purposes.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates