Nathoo Raffiq 4
4 · CABOT CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Cabot (CBT) Director Nathoo Raffiq Receives Phantom Stock Award
What Happened
Nathoo Raffiq, a director of Cabot Corp (CBT), was granted 8.315 phantom stock units on 2026-03-13. The units are recorded at $69.49 each for a total value of approximately $578. This was an award/other acquisition (derivative), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-13; Form 4 filed: 2026-03-17 (appears timely).
- Instrument: 8.315 phantom stock units (derivative) @ $69.49 each; total ~$578.
- Transaction type: A = Award/Grant (derivative).
- Footnotes: F1 indicates a 1-for-1 ratio; 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 the reporting person's distribution election.
- Shares owned after transaction: not specified in the provided filing.
Context
This was a small, routine director compensation award in the form of phantom stock units (a derivative instrument that tracks share value and dividends). Such awards are common in director deferral plans and are not the same as an open-market purchase or sale of company stock. The monetary value here (~$578) is minor and should be viewed as routine compensation rather than a strong signal of insider buying or selling.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2]2026-03-13$69.49/sh+8.315$578→ 1,292.38 total→ Common Stock (8.315 underlying)
Footnotes (2)
- [F1]1 for 1
- [F2]Represents dividends paid on phantom stock units acquired under the Corporation's Non-Employee Director's Deferral Plan and will be settled either upon the reporting person's termination of service as a director or in accordance with the distribution election of the reporting person, whichever first occurs.