Form 4: Cabot Corp Executive Vice President Acquires Phantom Stock Units
SEC Form 4 Filing
Erica McLaughlin, Executive Vice President and CFO of Cabot Corporation, acquired phantom stock units under the company's supplemental 401(k) plan on December 31, 2024.
Summary
- On December 31, 2024, Erica McLaughlin, Executive Vice President and CFO of Cabot Corporation, acquired 934.4223 phantom stock units.
- The acquisition was made under the Corporation's supplemental 401(k) plan.
- These phantom stock units are to be settled upon McLaughlin's retirement or other termination of service.
- The price of the phantom stock units was $91.31.
- Following the transaction, McLaughlin directly owns 8,791.0906 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It reports a standard transaction related to executive compensation, with no inherent positive or negative implications.
Future Outlook
The phantom stock units will be settled upon the reporting person's retirement or other termination of service.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the compensation and stock ownership of Cabot Corporation's executives. It is standard practice for executives to receive stock-based compensation as part of their overall remuneration package.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
- It provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of transaction: Erica McLaughlin acquired phantom stock units. |
| 01/02/2025 | Date of signature on the Form 4 filing. |
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