Form 4: Cabot Corp Director Wolfgruber Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Matthias L. Wolfgruber reported the acquisition of phantom stock units in Cabot Corporation on June 28, 2024.
Summary
- On June 28, 2024, Matthias L. Wolfgruber, a director of Cabot Corporation, acquired 312.8741 phantom stock units.
- These phantom stock units are convertible to common stock on a 1-for-1 basis.
- The price per unit was $91.89.
- Following the transaction, Wolfgruber directly owns 21,797.3094 phantom stock units.
- The phantom stock will be settled in cash upon termination of service as a director or according to the reporting person's distribution election.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard reporting of stock ownership changes. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of a director's holdings in the company, which is common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of transaction: Acquisition of phantom stock units. |
| 07/02/2024 | Date of signature on the SEC Form 4. |
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