Form 4: Cabot Director Nathoo Increases Phantom Stock Holdings

Cabot Corporation Director Raffiq Nathoo acquired additional phantom stock units through dividend reinvestment, increasing his beneficial ownership in the company.

Summary

• Raffiq Nathoo, a Director of Cabot Corporation (CBT), acquired 21.8029 phantom stock units.
• These units were acquired on September 11, 2025, as dividends paid on existing phantom stock units.
• The acquisition was made under the Corporation's Non-Employee Director's Deferral Plan.
• Each phantom stock unit represents one share of Common Stock.
• Following this transaction, Nathoo beneficially owns a total of 3,969.1023 phantom stock units.
• The implied price per unit for the dividend reinvestment was $81.47.

Sentiment

Score: 6

Explanation: The transaction is a routine dividend reinvestment, which slightly increases director ownership, indicating continued participation in the company's equity plans. It does not represent a discretionary purchase or sale.

Positives

• Director Raffiq Nathoo increased his beneficial ownership in Cabot Corporation through the acquisition of additional phantom stock units.
• The acquisition of units via dividend reinvestment indicates continued participation in the company's equity plans by a director.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Acquisition of phantom stock units under the Corporation's Non-Employee Director's Deferral Plan, a standard compensation arrangement between the company and its director.

Stakeholder Impact

• Shareholders: Provides a minor positive signal regarding director's continued equity participation, though the transaction is routine and non-discretionary.

Next Steps

• Phantom stock units will be settled either upon the reporting person's termination of service as a director or in accordance with the distribution election of the reporting person, whichever first occurs.

Key Dates

Recommendation

This Form 4 filing details a routine dividend reinvestment by a director, which is not a significant event to alter an investment thesis. It reflects ongoing participation in the company's compensation plan rather than a discretionary purchase or sale indicating a change in sentiment. Therefore, a 'hold' recommendation is appropriate as this filing alone does not provide new material information to warrant a change in investment strategy.

Keywords

Cabot Corp, CBT, Raffiq Nathoo, Form 4, insider transaction, phantom stock, director, beneficial ownership