Form 4: Cabot Corp Executive Erica McLaughlin Reports Changes in Beneficial Ownership
SEC Filing
Erica McLaughlin, Executive Vice President and CFO of Cabot Corporation, reports acquisition of phantom stock units due to dividend payments.
Summary
- Erica McLaughlin, the Executive Vice President and CFO of Cabot Corporation, filed a Form 4 with the SEC.
- The filing reports a transaction on June 14, 2024, involving phantom stock units.
- McLaughlin acquired 34.0008 phantom stock units due to dividends paid on units acquired under the Corporation's Supplemental 401(k) Plan.
- These units will be settled upon McLaughlin's retirement or termination of employment.
- Following the transaction, McLaughlin beneficially owns 7,703.9498 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing regarding changes in beneficial ownership, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of transaction involving phantom stock units acquisition. |
| 06/18/2024 | Date of signature on the Form 4 filing. |
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