Form 4: Cabot Corp Executive Karen A. Kalita Reports Phantom Stock Unit Dividend Acquisition

Karen A. Kalita, SVP and General Counsel of Cabot Corporation, reports the acquisition of phantom stock units due to dividend payments under the company's Supplemental 401(k) Plan.

Summary

• On September 13, 2024, Karen A. Kalita, SVP and General Counsel of Cabot Corporation, reported a transaction involving phantom stock units.
• The transaction involved the acquisition of 13.8436 phantom stock units.
• These units were acquired as a result of dividends paid on phantom stock units under the Corporation's Supplemental 401(k) Plan.
• The price per unit is $104.75.
• Following the reported transaction, Kalita directly owns 3,386.1988 phantom stock units.
• The phantom stock units are to be settled upon the reporting person's retirement or other termination of employment.
• A power of attorney was executed, authorizing Jane A. Bell, Karen A. Kalita, Jennifer Lombardi, and Mazda Cintron to act on Kalita's behalf for Section 16 filings.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a stable and well-managed company. The sentiment is neutral to slightly positive.

Positives

• The acquisition of phantom stock units through dividend payments indicates a continued investment in the company's long-term incentive plans.
• The power of attorney ensures compliance with SEC regulations regarding insider trading and reporting.

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 a routine part of compliance for corporate insiders, providing transparency into their transactions in company stock. This filing reflects standard compensation practices and dividend reinvestment within Cabot Corporation's executive compensation program.

Comparison to Industry Standards

• Many companies use phantom stock units as part of their executive compensation packages.
• The vesting and settlement terms (retirement or termination) are typical for these types of awards.
• Companies like Dow, DuPont, and LyondellBasell also utilize similar equity-based compensation plans for their executives.

Stakeholder Impact

• Shareholders are informed about executive compensation and ownership changes.
• Employees participating in the Supplemental 401(k) Plan benefit from the dividend reinvestment.

Key Dates