Form 4: Cabot Corp Director Raffiq Nathoo Reports Phantom Stock Unit Dividend Acquisition

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 September 13, 2024, Raffiq Nathoo, a director of Cabot Corp, acquired 11.5327 phantom stock units as a result of dividends paid on previously acquired units under the company's Non-Employee Director's Deferral Plan.
• The price per unit is $104.75.
• Following the transaction, Nathoo directly owns 2,820.9606 phantom stock units.
• Nathoo has granted power of attorney to Jane A. Bell, Karen A. Kalita, Jennifer Lombardi, and Mazda Cintron to execute and file SEC forms on his behalf.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and expected process. The sentiment is neutral to slightly positive as it reflects continued director participation in the company's compensation plans.

Positives

• The acquisition of phantom stock units reflects continued participation in the company's Non-Employee Director's Deferral Plan, aligning director interests with shareholder value.

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

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.

Stakeholder Impact

• The transaction has a minor positive impact on stakeholders as it aligns director interests with shareholder value through equity-based compensation.

Key Dates