Form 4: Cabot Corp Executive Karen A. Kalita Reports Acquisition of Phantom Stock Units

Karen A. Kalita, SVP and General Counsel at Cabot Corp, reported the acquisition of phantom stock units as part of the company's Supplemental 401(k) Plan.

Summary

• Karen A. Kalita, a Senior Vice President and General Counsel at Cabot Corporation, filed a Form 4 indicating a transaction involving phantom stock units.
• The transaction occurred on December 13, 2024, and involved the acquisition of 14.2519 phantom stock units.
• These units were acquired as part of the company's Supplemental 401(k) Plan and represent dividends paid on existing phantom stock units.
• The phantom stock units are to be settled upon Ms. Kalita's retirement or other termination of employment.
• The price of the underlying common stock at the time of the transaction was $103.38 per share.
• Following the transaction, Ms. Kalita directly owns 3,440.6719 phantom stock units.

Sentiment

Score: 7

Explanation: The document is a routine filing of an insider transaction, which is neither positive nor negative. It is a neutral event that is part of normal business operations.

Positives

• The acquisition of phantom stock units indicates continued participation in the company's long-term incentive plans by a key executive.
• The transaction reflects the company's commitment to providing retirement benefits through its Supplemental 401(k) Plan.

Industry Context

This filing is a routine disclosure of insider transactions and is common for publicly traded companies. It provides transparency into executive compensation and ownership.

Comparison to Industry Standards

• The use of phantom stock units as part of executive compensation is a common practice among publicly traded companies.
• Many companies use similar 401(k) plans to provide retirement benefits to their employees and executives.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with the long-term performance of the company.
• The transaction has a positive impact on the executive as it provides additional retirement benefits.

Key Dates

Keywords

Form 4, Cabot Corp, Phantom Stock Units, Supplemental 401(k) Plan, Executive Compensation, Insider Trading, Karen A. Kalita