Cabot Corp (CBT) director adds phantom stock units through dividend-equivalent grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CABOT CORP director Douglas G. DelGrosso reported a compensation-related award of phantom stock units. On June 12, 2026, he acquired 27.6938 Phantom Stock Units, each tied 1-for-1 to CABOT common stock, reflecting dividends on prior deferred units.
Following this grant, DelGrosso holds a total of 5,164.9539 Phantom Stock Units directly. These units, acquired under CABOT’s Non-Employee Director’s Deferral Plan, will be settled in Cabot common stock or cash after his board service ends or as he has elected for distribution.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DELGROSSO DOUGLAS G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 27.694 | $87.65 | $2K |
Holdings After Transaction:
Phantom Stock Units — 5,164.954 shares (Direct, null)
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.
Key Figures
Phantom units granted: 27.6938 units
Reported price per unit: $87.65 per unit
Total phantom units after grant: 5,164.9539 units
+2 more
5 metrics
Phantom units granted
27.6938 units
Grant of phantom stock units on June 12, 2026
Reported price per unit
$87.65 per unit
Transaction price reference for phantom stock units
Total phantom units after grant
5,164.9539 units
Director’s phantom stock balance following transaction
Conversion ratio
1-for-1
Each phantom stock unit tied to one CABOT common share
Exercise price
$0.00
Conversion or exercise price for phantom stock units
Key Terms
Phantom Stock Units, Non-Employee Director's Deferral Plan, distribution election
3 terms
Phantom Stock Units financial
"Represents dividends paid on phantom stock units acquired under the Corporation's Non-Employee Director's Deferral 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.
Non-Employee Director's Deferral Plan financial
"acquired under the Corporation's Non-Employee Director's Deferral Plan and will be settled either upon the reporting person's termination"
distribution election financial
"or in accordance with the distribution election of the reporting person, whichever first occurs"
FAQ
What insider transaction did CABOT CORP (CBT) disclose for Douglas G. DelGrosso?
CABOT CORP disclosed that director Douglas G. DelGrosso received 27.6938 phantom stock units as a compensation-related award. These units represent dividends on previously deferred phantom stock and increase his total phantom stock holdings to 5,164.9539 units under the company’s director deferral plan.
What are phantom stock units in CABOT CORP’s (CBT) director filing?
Phantom stock units are bookkeeping entries that track CABOT CORP’s common stock value on a 1-for-1 basis. For Douglas G. DelGrosso, they represent deferred director compensation and dividend equivalents, settled after his board service ends or according to his distribution election.
How many phantom stock units does Douglas G. DelGrosso now hold at CABOT CORP (CBT)?
After the reported transaction, Douglas G. DelGrosso holds 5,164.9539 phantom stock units at CABOT CORP. This total reflects the newly credited 27.6938 units, which were added as dividend equivalents to his existing deferred director compensation balance under the company’s deferral plan.
Was the CABOT CORP (CBT) insider transaction a market purchase or sale?
The CABOT CORP transaction was not a market purchase or sale. It was an acquisition coded as a grant or award of 27.6938 phantom stock units, representing dividends on prior deferrals, with no open-market trading and an exercise price recorded as $0.00 per unit.
When will Douglas G. DelGrosso’s CABOT CORP phantom stock units be settled?
DelGrosso’s phantom stock units will be settled when his service as a CABOT CORP director ends or as specified in his distribution election. The units represent deferred compensation and dividend equivalents, designed to be paid out in the future rather than immediately.