Cabot (CBT) SVP and General Counsel granted 33.98 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kalita Karen A reported acquisition or exercise transactions in this Form 4 filing.
CABOT CORP senior vice president and general counsel Karen A. Kalita received an automatic award of 33.9804 phantom stock units on Common Stock. These units were credited on the basis of dividends paid under the corporation's Supplemental 401(k) Plan and are part of her deferred compensation.
After this grant, Kalita holds a total of 5,281.3196 phantom stock units. Each phantom unit is linked 1-for-1 to a share of Cabot common stock and is scheduled to be settled in stock or cash only when she retires or otherwise leaves the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kalita Karen A
Role
SVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 33.98 | $69.49 | $2K |
Holdings After Transaction:
Phantom Stock Units — 5,281.32 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 insider transaction did CABOT CORP (CBT) report for Karen A. Kalita?
CABOT CORP reported that SVP and general counsel Karen A. Kalita received 33.9804 phantom stock units. These units were credited as dividend equivalents under the Supplemental 401(k) Plan, adding to her deferred compensation balance rather than representing an open-market purchase or sale.
How many phantom stock units does Karen A. Kalita hold after this CABOT CORP Form 4?
After this transaction, Karen A. Kalita holds 5,281.3196 phantom stock units. This total reflects her accumulated deferred compensation tied 1-for-1 to Cabot common shares, to be settled only upon retirement or another employment termination event, not during ongoing service.
What is the nature of the phantom stock unit award reported by CABOT CORP (CBT)?
The award represents 33.9804 phantom stock units granted as dividend equivalents on units previously acquired under the Supplemental 401(k) Plan. It is classified as a grant or award acquisition, not a market trade, and forms part of long-term deferred compensation for the executive.
When will Karen A. Kalita’s CABOT CORP phantom stock units be settled?
The phantom stock units are scheduled to be settled upon Karen A. Kalita’s retirement or other termination of employment. Until that time, they function as deferred compensation, tracking Cabot’s common stock on a 1-for-1 basis without immediate delivery of actual shares.
What does 1-for-1 mean for CABOT CORP phantom stock units in this filing?
The 1-for-1 reference means each phantom stock unit corresponds to one share of CABOT CORP common stock. While no actual shares are delivered now, the units’ value mirrors common stock performance and will be settled in stock or cash when the executive leaves the company.
Was this CABOT CORP (CBT) Form 4 a buy or sell in the open market?
This Form 4 does not show an open-market buy or sell. Instead, it records an automatic grant of phantom stock units as dividend equivalents within a Supplemental 401(k) Plan, reflecting compensation-related accruals rather than an active trading decision by the executive.