Form 4: Cabot Corp Executive Lisa M. Dumont Reports Changes in Beneficial Ownership

Lisa M. Dumont, VP, Controller & CAO of Cabot Corporation, reports acquisition of phantom stock units due to dividend payments.

Summary

• Lisa M. Dumont, a VP, Controller & CAO at Cabot Corporation, filed a Form 4 with the SEC.
• The filing reports a transaction on June 14, 2024, involving phantom stock units.
• Dumont acquired 1.7912 phantom stock units due to dividends paid under the Corporation's Supplemental 401(k) Plan.
• These units are to be settled upon Dumont's retirement or other termination of employment.
• Following the reported transaction, Dumont beneficially owns 405.8528 phantom stock units.
• The price of the phantom stock units is $97.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a stable and ongoing company policy. The sentiment is neutral to slightly positive as it reflects continued investment in the company's future by a key executive.

Positives

• The acquisition of phantom stock units reflects continued participation in the company's Supplemental 401(k) Plan.
• Dividend payments on phantom stock units increase the executive's stake in the company's future 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 routine disclosures required by the SEC to provide transparency into the transactions of company insiders, ensuring fair market practices.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.

Key Dates