Cabot Corp (NYSE: CBT) director receives phantom stock unit dividend award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nathoo Raffiq reported acquisition or exercise transactions in this Form 4 filing.
Cabot Corp director Raffiq Nathoo received an award of 8.667 Phantom Stock Units on 2026-06-12. These units are credited as dividends under the Non-Employee Director's Deferral Plan at a 1-for-1 rate with common stock and will be settled upon his termination of board service or according to his prior distribution election. Following this award, his Phantom Stock Unit balance is 1,616.4104 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nathoo Raffiq
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 8.667 | $87.65 | $759.66 |
Holdings After Transaction:
Phantom Stock Units — 1,616.41 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: 8.667 units
Reference price per unit: $87.65
Total phantom units after grant: 1,616.4104 units
+1 more
4 metrics
Phantom units granted
8.667 units
Dividend-equivalent grant on 2026-06-12
Reference price per unit
$87.65
Transaction price per Phantom Stock Unit
Total phantom units after grant
1,616.4104 units
Holdings following 2026-06-12 award
Conversion ratio
1 for 1
Phantom Stock Units to common stock value link
Key Terms
Phantom Stock Units, Non-Employee Director's Deferral Plan, dividends paid on phantom stock units
3 terms
Phantom Stock Units financial
"security_title: "Phantom Stock Units""
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"
dividends paid on phantom stock units financial
"Represents dividends paid on phantom stock units acquired under the Plan"
FAQ
What insider transaction did Cabot Corp (CBT) director Raffiq Nathoo report?
Director Raffiq Nathoo reported receiving 8.667 Phantom Stock Units as a compensation-related award. These units reflect dividends credited under Cabot Corp’s Non-Employee Director's Deferral Plan and are tied 1-for-1 to the company’s common stock value for deferred settlement.
How many Cabot Corp phantom stock units does Raffiq Nathoo hold after this Form 4?
After this transaction, Raffiq Nathoo holds 1,616.4104 Phantom Stock Units. These units track Cabot Corp’s common stock value and will be settled in the future upon his termination of service as a director or according to his elected distribution schedule.
What are Phantom Stock Units in the context of Cabot Corp (CBT)?
Phantom Stock Units are bookkeeping entries that mirror the value of Cabot Corp common stock on a 1-for-1 basis. For Raffiq Nathoo, they represent deferred director compensation, including dividend equivalents, settled at a future date instead of immediate cash or share delivery.
When will Raffiq Nathoo’s Cabot Corp Phantom Stock Units be settled?
The Phantom Stock Units will be settled upon the earlier of his termination of service as a director or in accordance with his distribution election. This means settlement occurs at a future date chosen or triggered under Cabot Corp’s Non-Employee Director's Deferral Plan.