Form 4: Cabot Corp Director Raffiq Nathoo Reports Acquisition of Phantom Stock Units

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

Summary

• On March 14, 2025, Raffiq Nathoo, a director of Cabot Corp, acquired 17.0645 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 underlying common stock was $83.31.
• Following the transaction, Nathoo directly owns 3,323.2354 phantom stock units.
• The phantom stock units are convertible 1 for 1 into common stock.
• Settlement of the phantom stock units will occur upon termination of service as a director or according to the director's distribution election.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests. There are no indications of negative events or concerns.

Positives

• The acquisition of phantom stock units reflects continued alignment of director interests with shareholder value through dividend reinvestment.
• The director's participation in the Non-Employee Director's Deferral Plan indicates a long-term commitment to the company.

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, common in publicly traded companies. It reflects standard practices for aligning director interests with shareholder value.

Comparison to Industry Standards

• Director compensation packages often include stock or phantom stock units to align their interests with those of shareholders, similar to practices at companies like Dow Chemical or DuPont.
• Deferral plans for non-employee directors are common, allowing them to defer compensation and potentially benefit from future stock appreciation, a practice seen at many S&P 500 companies.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence by demonstrating alignment of interests.

Key Dates