Form 4: Cabot Corp Director Raffiq Nathoo Acquires Phantom Stock Units

Director Raffiq Nathoo acquired phantom stock units in Cabot Corp through a dividend payment under the company's Non-Employee Director's Deferral Plan.

Summary

• Raffiq Nathoo, a director at Cabot Corp, acquired 12.6173 phantom stock units on December 13, 2024.
• These units were acquired as a result of dividends paid on existing phantom stock units under the company's Non-Employee Director's Deferral Plan.
• The phantom stock units are convertible to common stock on a 1-for-1 basis.
• The price of the underlying common stock at the time of the transaction was $103.38 per share.
• Following the transaction, Mr. Nathoo directly owns 3,046.0679 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment due to continued director investment.

Positives

• The acquisition of phantom stock units through dividends indicates a continued investment in the company by a director.
• The 1-for-1 conversion to common stock provides a direct link to 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 is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Many public companies use phantom stock units as part of their director compensation packages.
• The 1-for-1 conversion ratio is a standard practice for phantom stock units.
• The use of a Non-Employee Director's Deferral Plan is a common method for deferring compensation for directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it demonstrates continued director investment in the company.

Key Dates

Keywords

Cabot Corp, phantom stock units, director, Raffiq Nathoo, dividend, Non-Employee Director's Deferral Plan, insider trading, Form 4