Cabot Corp (CBT) CEO granted 256 phantom stock units as dividend credit
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cabot Corp President and CEO Sean D. Keohane reported an acquisition of phantom stock units as part of his deferred compensation. On the transaction date, he was credited with 256.0140 phantom stock units tied to Cabot common stock at a reference price of $87.65 per unit.
According to the footnotes, these units represent dividends paid on previously acquired phantom stock units under the company’s Supplemental 401(k) Plan. They are scheduled to be settled in Cabot common stock when he retires or otherwise leaves the company. Following this credit, his phantom stock balance reported in this plan is 47,747.2951 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Keohane Sean D
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 256.014 | $87.65 | $22K |
Holdings After Transaction:
Phantom Stock Units — 47,747.295 shares (Direct, null)
Footnotes (1)
- 1 for 1 Represents dividends paid on phantom stock units acquired under the Corporation's Supplemental 401(k) Plan and are to be settled upon the reporting person's retirement or other termination of employment.
Key Figures
Phantom stock units granted: 256.0140 units
Reference price per unit: $87.65 per unit
Phantom units after transaction: 47,747.2951 units
+1 more
4 metrics
Phantom stock units granted
256.0140 units
Dividend equivalents credited on phantom stock units
Reference price per unit
$87.65 per unit
Transaction price for phantom stock units
Phantom units after transaction
47,747.2951 units
Total phantom stock units held after grant
Conversion ratio
1 for 1
Each phantom stock unit corresponds to one Cabot common share
Key Terms
Phantom Stock Units, Supplemental 401(k) Plan, Grant, award, or other acquisition
3 terms
Phantom Stock Units financial
"Represents dividends paid on phantom stock units acquired under the Corporation's Supplemental 401(k) Plan"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Supplemental 401(k) Plan financial
"acquired under the Corporation's Supplemental 401(k) Plan and are to be settled upon the reporting person's retirement"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Cabot Corp (CBT) CEO Sean Keohane report in this Form 4?
Sean Keohane reported receiving 256.0140 phantom stock units. These units represent dividend equivalents on prior phantom stock holdings in Cabot’s Supplemental 401(k) Plan and will be settled in common stock at retirement or termination.
Is the Cabot Corp (CBT) CEO’s Form 4 a stock purchase or sale?
The filing shows no open-market purchase or sale. It reports a grant-type acquisition of phantom stock units credited as dividend equivalents within a deferred compensation plan, not a cash transaction in Cabot’s common stock on the market.
How many phantom stock units does the Cabot (CBT) CEO hold after this transaction?
After the transaction, Sean Keohane’s reported balance in phantom stock units under the Supplemental 401(k) Plan is 47,747.2951 units, each designed to track the value of one share of Cabot common stock on a one-for-one basis.
What are phantom stock units in Cabot Corp’s (CBT) Supplemental 401(k) Plan?
Phantom stock units are bookkeeping entries that mirror Cabot’s common stock value. Under the Supplemental 401(k) Plan, units accumulate, including dividend equivalents, and are ultimately settled in Cabot common shares when the executive retires or otherwise leaves employment.