Cabot director granted phantom stock units
Nathoo Raffiq reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Nathoo Raffiq reported acquisition or exercise transactions in this Form 4 filing.
Cabot Corp director Raffiq Nathoo received a grant of phantom stock units as compensation. On this Form 4, he was granted 261.5064 phantom stock units tied to Cabot common stock at a reference price of $90.82 per unit. Following the award, his reported balance is 1,877.9167 phantom stock units.
The phantom stock units track Cabot’s common stock on a 1-for-1 basis and are cash-settled rather than delivering actual shares. They will be paid out in cash either when Nathoo’s service as a director ends or according to his prior distribution election, whichever happens first.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 261.5064 | $90.82 | $24K |
Footnotes (2)
- F1. 1 for 1
- F2. 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.
Key Figures
Key Terms
Phantom Stock Units financial
distribution election financial
cash settled financial
1 for 1 financial
FAQ
What did Cabot Corp (CBT) director Raffiq Nathoo report on this Form 4?
How many phantom stock units did Nathoo receive from Cabot Corp (CBT)?
What is the total phantom stock balance for Cabot Corp (CBT) director Nathoo after this grant?
How are Cabot Corp (CBT) phantom stock units settled for director Nathoo?
What does 1-for-1 mean for Cabot Corp (CBT) phantom stock units?
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