Form 4: Cabot Corp Executive Erica McLaughlin Reports Acquisition of Phantom Stock Units

Erica McLaughlin, Executive Vice President and CFO of Cabot Corporation, reports the acquisition of phantom stock units under the company's supplemental 401(k) plan.

Summary

• Erica McLaughlin, the Executive Vice President and CFO of Cabot Corporation, filed a Form 4 on October 2, 2024, reporting a transaction.
• The transaction involved the acquisition of phantom stock units under the Corporation's supplemental 401(k) plan on September 30, 2024.
• McLaughlin acquired 88.5499 phantom stock units at a price of $111.77 each.
• Following the transaction, McLaughlin directly owns 9,897.23 shares of Cabot Corp common stock.
• The phantom stock units are to be settled upon McLaughlin's retirement or other termination of service.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the sentiment is neutral.

Positives

• The acquisition of phantom stock units aligns McLaughlin's interests with the long-term performance of Cabot Corporation.
• The supplemental 401(k) plan provides a benefit to the executive.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation.

Key Dates