Form 4: Cabot Corp Director Raffiq Nathoo Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Raffiq Nathoo reports acquiring phantom stock units in Cabot Corp on September 30, 2024.
Summary
- On September 30, 2024, Raffiq Nathoo, a director of Cabot Corp, acquired phantom stock units.
- The transaction involved the acquisition of 212.4899 phantom stock units at a price of $111.77 per unit.
- Following the transaction, Nathoo directly owns 3,033.4505 phantom stock units.
- The phantom stock units will be settled in cash upon termination of service as a director or according to Nathoo's distribution election.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of phantom stock units by a director aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Raffiq Nathoo acquired phantom stock units. |
| 10/02/2024 | Date of signature on the Form 4 filing. |
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