Cabot Corp (CBT) CEO granted 83.7 phantom stock units under supplemental 401(k) plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CABOT CORP President and CEO Sean D. Keohane reported a grant of 83.6823 phantom stock units. These units were awarded as a derivative security tied 1-for-1 to Cabot common stock at a reference price of $90.82 per unit.
Following this compensation-related grant, Keohane holds a total of 47,830.9773 phantom stock units directly. According to the disclosure, these phantom stock units were acquired under the company’s supplemental 401(k) plan and will be settled in connection with his retirement or other termination of service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Keohane Sean D
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 83.682 | $90.82 | $8K |
Holdings After Transaction:
Phantom Stock Units — 47,830.977 shares (Direct, null)
Footnotes (1)
- 1 for 1 The reported phantom stock units were acquired under the Corporation's supplemental 401(k) plan and are to be settled upon the reporting person's retirement or other termination of service.
Key Figures
Phantom units granted: 83.6823 units
Reference price per unit: $90.82 per unit
Total phantom units after grant: 47,830.9773 units
+1 more
4 metrics
Phantom units granted
83.6823 units
Grant of phantom stock units on June 30, 2026
Reference price per unit
$90.82 per unit
Transaction price for phantom stock units
Total phantom units after grant
47,830.9773 units
Holdings following reported transaction
Conversion ratio
1-for-1
Each phantom unit linked to one common share
Key Terms
Phantom Stock Units, supplemental 401(k) plan, derivative security, Grant, award, or other acquisition
4 terms
Phantom Stock Units financial
"The reported phantom stock units were acquired under the Corporation's supplemental 401(k) plan"
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.
supplemental 401(k) plan financial
"acquired under the Corporation's supplemental 401(k) plan and are to be settled"
derivative security financial
"The reported phantom stock units were acquired as a derivative security linked to common stock"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did CABOT CORP (CBT) report for Sean D. Keohane?
CABOT CORP reported that President and CEO Sean D. Keohane received 83.6823 phantom stock units as a compensation grant. These units are derivative securities linked 1-for-1 to Cabot common stock under the company’s supplemental 401(k) plan.
How many phantom stock units does Sean D. Keohane hold after this Form 4 for CABOT CORP (CBT)?
After the reported transaction, Sean D. Keohane holds 47,830.9773 phantom stock units. This total reflects the new 83.6823-unit grant and represents his direct holdings in these compensation-linked derivative units tied to Cabot common stock.
What are the key terms of the phantom stock unit grant reported for CABOT CORP (CBT)?
The filing shows 83.6823 phantom stock units granted at a reference price of $90.82 per unit. The units are linked 1-for-1 to CABOT CORP common stock and were awarded under the company’s supplemental 401(k) plan as a compensation-related acquisition.
When will Sean D. Keohane’s CABOT CORP (CBT) phantom stock units be settled?
The phantom stock units will be settled upon Sean D. Keohane’s retirement or other termination of service. This means the value tied to the derivative units is deferred and generally aligned with his long-term service at CABOT CORP.
Is the CABOT CORP (CBT) Form 4 transaction an open-market buy or a compensation grant?
The transaction is a compensation grant, not an open-market purchase. The Form 4 classifies the code as “A” for a grant, award, or other acquisition of 83.6823 phantom stock units under CABOT CORP’s supplemental 401(k) plan.
What does the 1-for-1 notation mean in CABOT CORP (CBT) phantom stock units?
The 1-for-1 notation means each phantom stock unit corresponds to one share of CABOT CORP common stock. The units track the value of the underlying shares but are settled later, typically in connection with retirement or termination.