Cabot Corp (NYSE: CBT) director credited new phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DELGROSSO DOUGLAS G reported acquisition or exercise transactions in this Form 4 filing.
CABOT CORP director Douglas G. DelGrosso received an additional 33.0535 phantom stock units credited on March 13, 2026. These units were valued at $69.4900 per unit and increase his deferred phantom stock balance to 5,137.2601 units.
The footnotes explain that the units represent dividends paid on phantom stock units under the Corporation's Non-Employee Director's Deferral Plan. They will be settled on a 1-for-1 basis in Cabot common stock either when he leaves the board or according to his chosen distribution schedule, whichever happens first.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DELGROSSO DOUGLAS G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 33.054 | $69.49 | $2K |
Holdings After Transaction:
Phantom Stock Units — 5,137.26 shares (Direct)
Footnotes (1)
- 1 for 1 Represents dividends paid on phantom stock units acquired under the Corporation's Non-Employee Director's Deferral Plan and 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.
FAQ
What insider transaction did CABOT CORP (CBT) report for Douglas G. DelGrosso?
CABOT CORP reported that director Douglas G. DelGrosso acquired 33.0535 phantom stock units. These units were credited as dividend equivalents under the Non-Employee Director's Deferral Plan and add to his deferred compensation balance linked to Cabot common stock performance.
What are phantom stock units in CABOT CORP's Form 4 for CBT?
Phantom stock units are bookkeeping entries tied to CABOT CORP's common stock value. In this filing, they represent dividend payments on previously deferred director compensation and will be settled in Cabot shares on a 1-for-1 basis at a future distribution event.
How many CABOT CORP phantom stock units does Douglas G. DelGrosso hold after this Form 4?
After the reported transaction, Douglas G. DelGrosso holds 5,137.2601 phantom stock units. This total reflects the new 33.0535 units credited as dividend equivalents on his prior phantom stock balance under the Non-Employee Director's Deferral Plan.
When will Douglas G. DelGrosso’s CABOT CORP phantom stock units be settled?
The phantom stock units will be settled either when Douglas G. DelGrosso’s service as a CABOT CORP director ends, or according to his elected distribution schedule, whichever occurs first. Settlement will be on a 1-for-1 basis in Cabot common stock.