Nathoo Raffiq 4

What Happened

• Nathoo Raffiq, a director of Cabot Corporation (CBT), was granted a derivative award of 315.363 phantom shares (transaction code A) on March 31, 2026. The grant is reported at $75.31 per share, with a total reported value of $23,750. The instrument is a derivative (phantom stock), not an immediate issuance of common shares.

Key Details

• Transaction date and reported price: March 31, 2026 @ $75.31 per share; total reported value $23,750.
• Transaction type: Award/Grant of phantom stock (derivative), Form 4 accession 0001193125-26-138157 filed April 1, 2026.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 indicates a 1-for-1 ratio; F2 states the phantom stock will be settled in cash either when the director leaves service or per the director’s distribution election, whichever occurs first.
• Timeliness: Filing dated April 1, 2026 for a March 31, 2026 grant; the filing itself does not note any late-report flag.

Context

• This grant appears to be a compensation/retention award (phantom stock) that will be paid in cash later rather than issued as actual CBT shares now. Such awards are common for non-employee directors and do not represent an open-market purchase or sale.