Form 4: Cabot Corp Director Raffiq Nathoo Reports Acquisition of Phantom Stock Units
SEC Form 4
Director Raffiq Nathoo reports acquiring phantom stock units in Cabot Corp, convertible to cash upon termination of service or distribution election.
Summary
- On June 28, 2024, Raffiq Nathoo, a director of Cabot Corp, reported the acquisition of 258.4612 phantom stock units.
- These units are convertible to cash, with settlement occurring either upon termination of service as a director or according to the reporting person's distribution election.
- The price per unit was $91.89.
- Following the transaction, Nathoo directly owns 2,809.4279 phantom stock units.
Sentiment
Score: 5
Explanation: This is a routine filing indicating a director's acquisition of phantom stock units, which is neither particularly positive nor negative.
Future Outlook
The phantom stock units will be settled in cash upon the director's termination of service or in accordance with their distribution election.
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 their interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of transaction: Raffiq Nathoo acquired phantom stock units |
| 07/02/2024 | Date of signature on the Form 4 filing |
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