[Form 4] Cabot Corporation Insider Trading Activity
Rhea-AI Filing Summary
Sean D. Keohane, President and CEO and a director of Cabot Corporation (CBT), reported option exercises and open-market sales on 08/14/2025. He exercised two employee stock options totaling 114,436 shares (26,455 at $49.26 and 87,981 at $50.46) and sold 114,436 shares in multiple transactions at weighted average prices disclosed for each tranche, with sale prices in the reported ranges of $78.570 to $79.740. After these transactions he beneficially owned 361,518 shares directly and an additional 13,842.5928 shares indirectly through the company 401(k) plan trustee, for a combined disclosed position.
Positive
- Substantial retained ownership: Reporting person continues to hold 361,518 shares directly plus 13,842.5928 shares indirectly via the 401(k) plan.
- Detailed disclosure: Form 4 provides tranche-level sale price ranges and vesting history, supporting transparency and regulatory compliance.
Negative
- Significant sales on single date: 114,436 shares were sold on 08/14/2025 in multiple transactions.
- Sales executed at market prices: Reported sale price ranges span $78.570 to $79.740, indicating realized liquidity following option exercises.
Insights
TL;DR: CEO exercised options then sold an equal number of shares, leaving a substantial remaining direct holding.
Keohane exercised employee stock options for 114,436 shares at exercise prices of $49.26 and $50.46, then sold 114,436 shares in multiple transactions on the same date. Sales occurred at weighted average prices and reported price ranges between $78.570 and $79.740, implying a gross spread versus exercise prices. Post transactions, reported direct beneficial ownership was 361,518 shares plus 13,842.5928 shares held indirectly in the 401(k) plan. For investors, these are routine insider liquidity events following option vesting rather than an ownership exit; the filing is a standard Section 16 disclosure and contains granular pricing details by tranche.
TL;DR: Transaction is a standard Section 16 disclosure of option exercise and subsequent sales, properly reported by POA.
The Form 4 shows the reporting person acting through a power of attorney for filing compliance. The report documents option exercises that vested in prior years and contemporaneous open-market sales, with full explanatory footnotes giving per-tranche price ranges and vesting history for the options. The filing provides required transparency on beneficial ownership changes; there is no indication of amendment or corrective disclosure beyond the single Form 4 filing date.