Cabot Corp (CBT) CFO receives 65.9 phantom stock units as dividends
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cabot Corp Executive Vice President and CFO Erica McLaughlin received a grant of 65.9221 phantom stock units on common stock, valued at $69.49 per unit. This increased her phantom stock balance to 10,245.7476 units.
According to the footnotes, these units represent dividends paid on previously acquired phantom stock units under Cabot’s Supplemental 401(k) Plan. The phantom stock units are credited on a 1-for-1 basis with Cabot common stock and are scheduled to be settled in shares after her retirement or other termination of employment, rather than being immediately tradable stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McLaughlin Erica
Role
Executive Vice President, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 65.922 | $69.49 | $5K |
Holdings After Transaction:
Phantom Stock Units — 10,245.748 shares (Direct)
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.
FAQ
What did Cabot Corp (CBT) CFO Erica McLaughlin report in this Form 4?
Cabot Corp CFO Erica McLaughlin reported receiving 65.9221 phantom stock units. These units were credited as dividend equivalents under the company’s Supplemental 401(k) Plan and increased her total phantom stock holdings to 10,245.7476 units, all tied to Cabot common stock.
How many phantom stock units does the Cabot (CBT) CFO hold after this transaction?
After the transaction, Cabot CFO Erica McLaughlin holds 10,245.7476 phantom stock units. This reflects adding 65.9221 units credited as dividend equivalents, which track Cabot common stock on a 1-for-1 basis and are to be settled following retirement or other employment termination.
What is the nature of the phantom stock units granted to Cabot (CBT) CFO?
The phantom stock units are a deferred compensation instrument tied 1-for-1 to Cabot common stock. They represent dividends paid on existing phantom stock under the Supplemental 401(k) Plan and will be settled in the future upon retirement or other termination, not as immediate tradable shares.
Was this Cabot (CBT) Form 4 a purchase or sale of common stock?
This Form 4 does not show a market purchase or sale of Cabot common stock. It reports an acquisition of 65.9221 phantom stock units as a grant of dividend equivalents under a compensation plan, with settlement deferred until retirement or employment termination.
How is the value of the Cabot (CBT) phantom stock units reported in this Form 4?
Each phantom stock unit in this transaction is reported at a price of $69.49. The 65.9221 units mirror Cabot common stock on a 1-for-1 basis, reflecting dividend-equivalent credits under the Supplemental 401(k) Plan rather than an open-market stock trade.
When will the Cabot (CBT) CFO’s phantom stock units from this filing be settled?
The phantom stock units are scheduled to be settled upon the CFO’s retirement or other termination of employment. Until then, they remain as deferred phantom units credited under Cabot’s Supplemental 401(k) Plan and track Cabot common stock performance on a 1-for-1 basis.