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

Director Matthias L. Wolfgruber reports acquiring phantom stock units in Cabot Corp, convertible to cash upon termination of service or distribution election.

Summary

• On September 30, 2024, Matthias L. Wolfgruber, a director of Cabot Corp, reported acquiring phantom stock units.
• The transaction involved 257.2246 phantom stock units, each convertible to cash.
• The price per unit was $111.77.
• Following the transaction, Wolfgruber directly owns 22,144.0121 shares of common stock.
• The phantom stock will be settled in cash upon termination of service as a director or in accordance with the distribution election of the reporting person, whichever occurs first.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The phantom stock units will be settled in cash 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 of a director's acquisition of phantom stock units, a common form of executive compensation.

Key Dates