Cabot Corp (CBT) CEO Keohane granted 305.563 phantom stock units as dividends
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Keohane Sean D reported acquisition or exercise transactions in this Form 4 filing.
Cabot Corp President and CEO Sean D. Keohane received a grant of 305.563 phantom stock units tied to Cabot common stock at a reference price of $69.49 per unit. These units reflect dividends on prior phantom stock under the company’s Supplemental 401(k) Plan and will be settled in shares after his retirement or other termination of employment. Following this grant, he holds a total of 47,491.2811 phantom stock units.
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 | 305.563 | $69.49 | $21K |
Holdings After Transaction:
Phantom Stock Units — 47,491.281 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 did Cabot Corp (CBT) CEO Sean Keohane report in this Form 4?
Sean Keohane reported receiving 305.563 phantom stock units as a grant. These units were credited as dividends under Cabot’s Supplemental 401(k) Plan and are linked 1-for-1 to Cabot common stock, settling in shares at retirement or employment termination.
How many phantom stock units does the Cabot Corp (CBT) CEO hold after this transaction?
After this transaction, Sean Keohane holds 47,491.2811 phantom stock units. These units mirror Cabot common stock value and are scheduled to be settled in shares when he retires or otherwise ends his employment with the company.
What is the nature of the phantom stock units granted to the Cabot Corp (CBT) CEO?
The phantom stock units are a compensation-related grant, not an open-market purchase. They represent dividend equivalents on existing phantom units under Cabot’s Supplemental 401(k) Plan and convert 1-for-1 into Cabot common stock upon settlement at retirement or termination.
At what reference price were the new Cabot Corp (CBT) phantom stock units credited?
The 305.563 phantom stock units were credited at a reference price of $69.49 per unit. This price is used to calculate the number of units tied to Cabot common stock value, rather than representing cash paid by the executive.