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

Executive Vice President Hobart Kalkstein reported the acquisition of phantom stock units in Cabot Corp through the company's Supplemental 401(k) Plan.

Summary

• On June 14, 2024, Hobart Kalkstein, an Executive Vice President at Cabot Corp, reported the acquisition of phantom stock units.
• The acquisition was made under the Corporation's Supplemental 401(k) Plan.
• A total of 41.46 phantom stock units were acquired at a price of $97.
• These units represent dividends paid and will be settled upon the reporting person's retirement or other termination of employment.
• Following the transaction, Kalkstein directly owns 9,394.0472 shares of Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests.

Positives

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

Future Outlook

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of phantom stock units aligns the executive's interests with shareholders, potentially driving long-term value creation.

Key Dates