Cabot Corp (CBT) Director Nathoo Raffiq Receives 11.136-Share Award
$CBT · CABOT CORPResearch Summary
AI-generated summary of this SEC filing
Cabot Corp (CBT) Director Nathoo Raffiq Receives 11.136-Share Award
What Happened
Nathoo Raffiq, a director of Cabot Corp (CBT), was credited with 11.136 derivative shares (phantom stock units) on September 11, 2026. The units were recorded at $79.68 each for a total value of roughly $887. This was an award/acquisition under the company’s Non‑Employee Director’s Deferral Plan, not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-09-11; price used: $79.68 per share; amount: 11.136 shares; total value ≈ $887.
- Transaction type: A (award/acquisition) — derivative (phantom stock units).
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 indicates a 1-for-1 relationship; F2 states these 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.
- Filing date: 2026-09-14 (filed within the standard reporting window).
Context
Phantom stock units are a form of deferred compensation that track the value of company shares but typically settle in cash or shares at a later date; they are routine director compensation and do not necessarily signal a personal buy/sell decision. The monetary value here is modest (~$887), so this is primarily a compensation-related entry rather than a market-confidence indicator.