Cabot (CBT) Director Nathoo Raffiq Receives Phantom Stock Award

What Happened
Nathoo Raffiq, a director of Cabot Corp (CBT), was granted 360.811 phantom stock units on 2026-09-30 (Transaction code A). The award is valued at $76.91 per unit, totaling approximately $27,750. This was a derivative award (phantom stock), not an issuance of actual common shares.

Key Details

• Transaction date and type: 2026-09-30 — Grant/Award (A), derivative phantom stock units.
• Price/value: $76.91 per unit; total value ≈ $27,750.
• Shares/units granted: 360.811 phantom stock units.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 indicates a 1-for-1 correspondence; F2 clarifies the phantom stock will be settled in cash upon the director’s termination of service or per the reporting person's distribution election (whichever occurs first).
• Filing timeliness: Form filed 2026-10-01 — appears timely (within the SEC’s two-business-day Form 4 window).

Context
Phantom stock units are a cash-settled form of equity compensation that track the value of common shares but do not convey voting rights or actual share ownership until settled. Such grants are common for non-employee directors as part of compensation and do not by themselves signal a buy or sell decision in the market.