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.
Cabot Corp officer Lisa M. Dumont received a small grant of phantom stock units as part of her compensation. She acquired 3.9820 Phantom Stock Units linked 1-for-1 to Cabot common stock at a reference price of $87.65 per share. These units were credited as dividend equivalents under the company’s Supplemental 401(k) Plan and will be settled in the future when she retires or otherwise leaves the company. Following this award, she holds a total of 742.6524 phantom stock units directly.
CABOT CORP director Douglas G. DelGrosso reported a compensation-related award of phantom stock units. On June 12, 2026, he acquired 27.6938 Phantom Stock Units, each tied 1-for-1 to CABOT common stock, reflecting dividends on prior deferred units.
Following this grant, DelGrosso holds a total of 5,164.9539 Phantom Stock Units directly. These units, acquired under CABOT’s Non-Employee Director’s Deferral Plan, will be settled in Cabot common stock or cash after his board service ends or as he has elected for distribution.
CABOT CORP senior vice president and general counsel Karen A. Kalita reported a routine compensation-related transaction involving phantom stock units. She acquired 28.4703 phantom stock units linked 1-for-1 to Cabot common stock at a reference price of $87.65 per share.
These units represent dividend equivalents credited under the company’s Supplemental 401(k) Plan and are scheduled to be settled in shares or cash when she retires or otherwise leaves the company. Following this grant, her total phantom stock unit balance stands at 5,309.7899 units.
Nathoo Raffiq reported acquisition or exercise transactions in this Form 4 filing.
Cabot Corp director Raffiq Nathoo received an award of 8.667 Phantom Stock Units on 2026-06-12. These units are credited as dividends under the Non-Employee Director's Deferral Plan at a 1-for-1 rate with common stock and will be settled upon his termination of board service or according to his prior distribution election. Following this award, his Phantom Stock Unit balance is 1,616.4104 units.
CABOT CORP Executive Vice President and CFO Erica McLaughlin received a small compensation-related award of phantom stock units linked to CABOT common stock. She acquired 55.2323 phantom stock units at a reference price of $87.65 per share, bringing her total phantom stock unit holdings to 10,300.9799 units.
According to the disclosure, these units represent dividends paid on previously acquired phantom stock units under the company’s Supplemental 401(k) Plan. The phantom stock units are scheduled to be settled in connection with her retirement or other termination of employment, so they do not reflect an open-market stock purchase or sale.
Cabot Corp President and CEO Sean D. Keohane reported an acquisition of phantom stock units as part of his deferred compensation. On the transaction date, he was credited with 256.0140 phantom stock units tied to Cabot common stock at a reference price of $87.65 per unit.
According to the footnotes, these units represent dividends paid on previously acquired phantom stock units under the company’s Supplemental 401(k) Plan. They are scheduled to be settled in Cabot common stock when he retires or otherwise leaves the company. Following this credit, his phantom stock balance reported in this plan is 47,747.2951 units.
Cabot Corp Senior Vice President William F. Masterson III received a grant of 2.8237 Phantom Stock Units on Common Stock as a compensation-related award. These units were credited as dividends on prior phantom holdings under the company’s Supplemental 401(k) Plan and convert 1-for-1 into Cabot common stock equivalents. Following this grant, his phantom stock balance stands at 526.6187 units, which will be settled in shares after retirement or other termination of employment.
Cabot Corporation entered into a new $1.3 billion unsecured revolving credit agreement with a syndicate of banks arranged by JPMorgan entities. The multi-currency facility is for general corporate purposes and matures on May 12, 2031, extending the company’s access to committed liquidity.
Loans will bear interest at a Term Benchmark or RFR Spread rate plus a margin between 0.68% and 1.20%, depending on Cabot’s credit ratings. The agreement includes a quarterly leverage test, requiring net debt not to exceed 3.75x consolidated EBITDA, rising to 4.25x for a limited period following any material acquisition.
At the same time, Cabot terminated its prior $1 billion revolving credit agreement and separate €300 million revolving credit agreement, both of which had been scheduled to mature on August 6, 2027. The new facility consolidates these arrangements under a single, larger long-term credit line.
Cabot Corporation reported lower results for the quarter ended March 31, 2026. Net sales were $904 million versus $936 million a year earlier, and net income attributable to Cabot fell to $68 million, or $1.27 per diluted share, from $94 million, or $1.69.
Performance was pressured by weaker pricing and product mix in the Reinforcement Materials segment, partly offset by higher earnings in Performance Chemicals and initial contribution from the $68 million MXCB acquisition in Mexico. Cabot also initiated and approved restructuring actions, including plant closures in Europe and Argentina, with expected pre-tax charges of about $79 million and future cash outlays of $24 million.