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

Executive Vice President Hobart Kalkstein of Cabot Corporation reports the acquisition of phantom stock units under the company's supplemental 401(k) plan.

Summary

• On September 30, 2024, Hobart Kalkstein, an Executive Vice President at Cabot Corp, acquired phantom stock units through the company's supplemental 401(k) plan.
• The transaction involved the acquisition of 72.5407 phantom stock units at a price of $111.77 per unit.
• Following the transaction, Kalkstein directly owns 9,505.1506 shares of Cabot Corp common stock.
• The phantom stock units are to be settled upon Kalkstein's retirement or other termination of service.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a routine disclosure of an executive's compensation-related transaction.

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, potentially aiding in retention.

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 transaction has a minimal direct impact on stakeholders, as it primarily concerns executive compensation.

Key Dates