Form 4: Cabot Corp Executive Vice President Hobart Kalkstein Reports Stock Sale and Phantom Stock Unit Acquisition

Executive Vice President Hobart Kalkstein reported the sale of 7,648 shares of Cabot Corp common stock at an average price of $88.0091 and the acquisition of 42.7497 phantom stock units.

Summary

• On March 7, 2024, Hobart Kalkstein, Executive Vice President of Cabot Corporation, sold 7,648 shares of common stock at a weighted average price of $88.0091.
• The sales occurred in multiple transactions with prices ranging from $88.000 to $88.040.
• Following the reported transaction, Kalkstein directly owns 61,688 shares of Cabot Corp common stock.
• Kalkstein also indirectly owns 7,077.893 shares through the Trustee for the Corporation's 401(k) Plan.
• On March 8, 2024, Kalkstein acquired 42.7497 phantom stock units at a price of $87.11.
• These phantom stock units represent dividends paid on units acquired under the Corporation's Supplemental 401(k) Plan and will be settled upon retirement or termination of employment.
• Following the reported transaction, Kalkstein owns 9,352.5872 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reflecting standard insider trading activity. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The information disclosed is consistent with regulatory requirements for insider trading reporting.
• Comparable companies like Dow, DuPont, and BASF also have executives who file Form 4s when they trade their company's stock.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, depending on the overall market sentiment and trading volume.
• The phantom stock unit acquisition is part of the executive compensation plan and may incentivize performance.

Key Dates