Form 4: Cabot Corp Executive Hobart Kalkstein Reports Acquisition of Phantom Stock Units

Executive Vice President Hobart Kalkstein reports acquiring phantom stock units in Cabot Corporation's supplemental 401(k) plan.

Summary

• Hobart Kalkstein, an Executive Vice President at Cabot Corp, filed a Form 4 on January 2, 2025, reporting a transaction that occurred on December 31, 2024.
• The transaction involved the acquisition of 696.6394 phantom stock units under the Corporation's supplemental 401(k) plan.
• These units are to be settled upon Kalkstein's retirement or other termination of service.
• The price per unit was $91.31.
• Following the reported transaction, Kalkstein beneficially owns 10,241.3259 phantom stock units.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing an executive's compensation. It doesn't contain any particularly positive or negative information.

Positives

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

Future Outlook

The phantom stock units will be settled upon the reporting person's retirement or other termination of service.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's participation in a company-sponsored benefit plan.

Stakeholder Impact

• The acquisition of phantom stock units aligns the executive's interests with those of the shareholders.

Key Dates