Cabot Corp (CBT) director receives additional phantom stock units as dividend equivalents
Rhea-AI Filing Summary
Cabot Corp director Raffiq Nathoo received a small phantom stock award as part of board compensation. On this Form 4, he acquired 8.3153 phantom stock units tied to Cabot common stock, valued at $69.49 per unit, bringing his total phantom stock holdings to 1,292.3803 units.
The filing notes these units represent dividends paid on previously acquired phantom stock under Cabot’s Non-Employee Director’s Deferral Plan and will be settled in stock or cash when his board service ends or according to his distribution election. This is a routine, non-cash, compensation-related accrual rather than an open-market trade.
Positive
- None.
Negative
- None.
Insights
Routine phantom stock dividend credit; no open-market trading.
Director Raffiq Nathoo was credited with 8.3153 phantom stock units linked to Cabot Corp common shares, at $69.49 per unit. These units reflect dividend equivalents on prior deferrals under the Non-Employee Director's Deferral Plan.
The award lifts his phantom stock balance to 1,292.3803 units and will be settled after his board service ends or per his distribution election. There is no cash exchanged now and no open-market buying or selling, so this is a routine compensation entry with limited signaling value for investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 8.315 | $69.49 | $577.83 |
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.