CBT: Director Nathoo Adds 312.2945 Phantom Units, Cash-Settled
Rhea-AI Filing Summary
Cabot Corporation director Raffiq Nathoo reported on Form 4 the acquisition on 09/30/2025 of 312.2945 phantom stock units that convert 1-for-1 into common shares. The filing shows the units were recorded at an underlying share price of $76.05 and, after the transaction, the reporting person beneficially owned 4,281.3968 shares. The filing notes the phantom stock will be settled in cash either when the director leaves service or per his distribution election, whichever occurs first. The Form 4 was signed under power of attorney and filed by a single reporting person.
Positive
- 312.2945 phantom stock units were granted, indicating continued director alignment with shareholder value
- Post-transaction beneficial ownership of 4,281.3968 shares maintains substantial individual stake
Negative
- None.
Insights
Director gained 312.2945 phantom units; settlement is cash, not equity.
What it means: The director received 312.2945 phantom stock units on 09/30/2025 that represent a right to the value of 312.2945 shares at an indicated price of $76.05.
Why it matters: Because the units are settled in cash upon termination or by distribution election, they do not increase outstanding share count but create a future cash obligation for Cabot Corporation tied to the stock price at settlement.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 312.295 | $76.05 | $24K |
Footnotes (1)
- 1 for 1 The phantom stock will be settled in cash 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.