Form 4: Cabot Corp Director Wolfgruber Reports Phantom Stock Unit Dividend

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

Summary

• Matthias L. Wolfgruber, a director of Cabot Corporation, reported a transaction on June 14, 2024.
• The transaction involved the acquisition of phantom stock units due to dividends paid under the Corporation's Non-Employee Director's Deferral Plan.
• Wolfgruber acquired 94.8199 phantom stock units at a price of $97.
• Following the transaction, Wolfgruber directly owns 21,484.4353 shares of common stock.
• The phantom stock units will be settled either upon termination of service as a director or in accordance with the distribution election of the reporting person.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stability and adherence to corporate governance practices. It's a neutral event with a slightly positive undertone due to the dividend payment.

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.

Stakeholder Impact

• The transaction has a minor positive impact on the director's holdings.
• It reflects the company's commitment to its director compensation plan.

Key Dates