What type of compensation did Cabot Corp director Douglas G. DelGrosso receive on June 12, 2026, and how does it affect his total phantom stock holdings?

On June 12, 2026, Cabot Corp director Douglas G. DelGrosso was granted 27.6938 phantom stock units as a dividend-equivalent award, increasing his total holdings to 5,164.9539 units. These units are tied to Cabot common stock and are administered under the company's Non-Employee Director's Deferral Plan. The award is considered neutral in impact and sentiment because it represents deferred compensation—not a market purchase or sale—and will be settled upon his termination of service or according to his distribution election.

How are the newly granted phantom stock units structured, and what determines when they are paid out?

The newly granted phantom stock units are part of Cabot Corporation's Non-Employee Director's Deferral Plan and are tied to the value of Cabot common stock. They are not actual shares but represent a right to receive cash or stock equal in value to the underlying stock at settlement. Payout occurs upon the director’s termination of service or according to his previously elected distribution schedule. The transaction is classified as neutral in market impact and sentiment because it reflects non-cash, deferred compensation rather than an active market transaction.

Cabot Corp Director Adds Phantom Stock Units Through Dividend-Equivalent Grant

Jun 16, 2026

Cabot Corp director Douglas G. DelGrosso received 27.69 phantom stock units on June 12, 2026, increasing his total holdings to 5,164.95 units under the company's deferral plan.

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