Nathoo Raffiq 4

What Happened
Nathoo Raffiq, a director of Cabot Corporation (CBT), received a derivative award of 261.506 phantom-stock units on 2026-06-30. The grant is reported at a per-unit value of $90.82, for a total reported value of $23,750. This was an award (code A) — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-30; filing date: 2026-07-02 (filing not marked as late in the report).
• Award: 261.506 phantom-stock units at $90.82 per unit; total reported value $23,750.
• Shares owned following the 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 upon the director’s termination of service or according to the director’s distribution election (whichever occurs first).
• Type: Derivative award (phantom stock) — code A.

Context
Phantom-stock awards are a form of deferred compensation tied to the company’s stock value but are typically settled in cash rather than issuing actual shares. Such grants are often routine director compensation and do not necessarily signal the director’s personal buying or selling intent.