Form 4: Cabot Corp Executive Lisa M. Dumont Reports Acquisition of Phantom Stock Units

Lisa M. Dumont, VP, Controller & CAO of Cabot Corporation, reported the acquisition of phantom stock units due to dividend payments under the company's Supplemental 401(k) Plan.

Summary

• On September 13, 2024, Lisa M. Dumont, VP, Controller & CAO of Cabot Corporation, reported a transaction involving phantom stock units.
• The transaction involved the acquisition of 1.6661 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 was $104.75.
• Following the transaction, Dumont directly owns 407.5189 phantom stock units.
• Dumont also signed a Power of Attorney, effective September 13, 2024, granting Jane A. Bell, Karen A. Kalita, Jennifer Lombardi, and Mazda Cintron the authority to execute Forms 3, 4, and 5 on her behalf.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and dividend reinvestment, indicating stable company operations and employee benefits. The sentiment is neutral to slightly positive.

Positives

• The acquisition of phantom stock units through dividend payments indicates a positive performance of the underlying investments in the 401(k) plan.

Future Outlook

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

Industry Context

Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and ownership.

Key Dates