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

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

Summary

• Hobart Kalkstein, an Executive Vice President at Cabot Corp, filed a Form 4 indicating a change in beneficial ownership.
• The transaction involved the acquisition of phantom stock units under the Corporation's supplemental 401(k) plan.
• On March 14, 2025, Kalkstein acquired 52.86 phantom stock units at a price of $83.31 per unit.
• Following the transaction, Kalkstein directly owns 10,294.1859 shares of Common Stock.
• These phantom stock units will be settled upon Kalkstein's retirement or other termination of service.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to executive compensation, and does not contain information that would significantly impact sentiment positively or negatively.

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 improving morale and 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 executive compensation and provide transparency into the holdings of company insiders. Phantom stock units are a common form of deferred compensation.

Stakeholder Impact

• Shareholders may be interested in executive compensation details.
• Employees may be interested in the details of the company's 401(k) plan.

Key Dates