Form 4: Cabot Corp Executive Vice President, CFO Erica McLaughlin Reports Stock Transactions
SEC Form 4
Erica McLaughlin, Executive Vice President and CFO of Cabot Corporation, reports the acquisition and disposal of common stock and the exercise of employee stock options on August 7, 2024.
Summary
- On August 7, 2024, Erica McLaughlin, Executive Vice President and CFO of Cabot Corporation, engaged in multiple transactions involving Cabot Corp common stock.
- McLaughlin exercised employee stock options to acquire 10,965 shares at $50 and 12,309 shares at $50.23.
- She also disposed of a total of 21,449 shares of common stock through multiple sales at prices ranging from $98.00 to $103.41.
- Following these transactions, McLaughlin directly owns 67,350 shares of Cabot Corp common stock and indirectly owns 1.6069 shares through the trustee for the Corporation's 401(k) Plan.
- She also holds 12,745 employee stock options with an exercise price of $50 and 14,727 employee stock options with an exercise price of $50.23.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of company insiders and is required by the SEC.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- The filing provides transparency to stakeholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| November 9, 2019 | 30% of 23,710 shares subject to the option vested. |
| November 8, 2020 | 30% of 27,036 shares subject to the option vested. |
| November 9, 2020 | 30% of 23,710 shares subject to the option vested. |
| November 8, 2021 | 30% of 27,036 shares subject to the option vested. |
| November 9, 2021 | 40% of 23,710 shares subject to the option vested. |
| November 8, 2022 | 40% of 27,036 shares subject to the option vested. |
| 08/07/2024 | Date of stock option exercise and stock sales. |
| 08/08/2024 | Date of Form 4 filing. |
| 11/08/2028 | Expiration date for employee stock options with exercise price of $50. |
| 11/07/2029 | Expiration date for employee stock options with exercise price of $50.23. |
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