Form 4: Cabot Corp Executive Vice President Hobart Kalkstein Reports Stock Transactions

Executive Vice President Hobart Kalkstein of Cabot Corporation reports the exercise of stock options and subsequent sale of shares.

Summary

• Hobart Kalkstein, an Executive Vice President at Cabot Corporation, filed a Form 4 detailing changes in beneficial ownership.
• On August 19, 2024, Kalkstein exercised options to acquire 14,863 shares of common stock at a price of $40.97 per share and then sold the same amount at a weighted average price of $100.9115.
• On August 20, 2024, Kalkstein exercised options to acquire 4,379 shares of common stock at a price of $40.97 per share and then sold the same amount at a weighted average price of $100.933.
• On August 20, 2024, Kalkstein exercised options to acquire 1,078 shares of common stock at a price of $40.97 per share and then sold the same amount at a weighted average price of $99.16.
• Following these transactions, Kalkstein directly owns 61,688 shares of Cabot Corp common stock.
• Kalkstein also indirectly owns 7,120.9652 shares through the Corporation's 401(k) Plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive, which is neutral in sentiment.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the executive's view of the company's stock value.

Key Dates