Form 4: Cabot Corp Executive Erica McLaughlin Reports Changes in Beneficial Ownership

Erica McLaughlin, Executive Vice President and CFO of Cabot Corporation, reports acquisition of phantom stock units due to dividend payments under the company's Supplemental 401(k) Plan.

Summary

• Erica McLaughlin, Executive Vice President and CFO of Cabot Corporation, filed a Form 4 to report changes in beneficial ownership.
• The reported transaction occurred on March 8, 2024.
• McLaughlin acquired 35.0585 phantom stock units at a price of $87.11 per unit.
• These phantom stock units were acquired due to dividends paid on existing units under Cabot Corporation's Supplemental 401(k) Plan.
• Following the transaction, McLaughlin directly owns 7,669.949 shares of common stock.
• The phantom stock units will be settled upon McLaughlin's retirement or other termination of employment.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The acquisition of phantom stock units due to dividend payments is a neutral event.

Positives

• The acquisition of phantom stock units reflects continued investment in the company by a key executive.
• The dividend payments on the 401(k) plan are a positive benefit for employees.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in beneficial ownership by a key executive, which is closely monitored by investors.

Stakeholder Impact

• The acquisition of phantom stock units by a key executive may have a minor positive impact on shareholder confidence.

Key Dates