Nathoo Raffiq 4
Research Summary
AI-generated summary
Cabot Corp (CBT) Director Nathoo Raffiq Receives Award
What Happened
Nathoo Raffiq, a director of Cabot Corp (CBT), was granted/acquired 8.667 phantom stock units on 2026-06-12 at an attributable price of $87.65 per unit, a total value of approximately $760. The transaction is reported as an award/acquisition (code A) of a derivative security rather than an open‑market purchase.
Key Details
- Transaction date: 2026-06-12; filing date: 2026-06-16 (timely filed).
- Amount: 8.667 phantom stock units; reported price/value: $87.65 per unit; total ≈ $760.
- Transaction type/code: Award/Acquisition (A); derivative (phantom stock units).
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnotes: F1 indicates a 1-for-1 treatment; F2 states these units represent dividends paid on phantom stock units under the Non‑Employee Director's Deferral Plan and will be settled upon the director’s termination of service or per the director’s distribution election.
Context
This was a non‑market award of deferred/phantom units tied to director compensation, not a market purchase or sale of common stock. Such awards are routine compensation and do not necessarily indicate the director buying or selling underlying shares immediately.