Cabot Corp president and CEO Sean Keohane sells $11.4 million in stock

Cabot Corp. President and CEO Sean Keohane sold a substantial amount of the company's shares on August 28, 2026. Specifically, he sold 134,895 shares worth $11.4 million. This transaction followed the exercise of employee stock options that he had acquired previously. Keohane paid $50 per share for 134,895 shares, spending $6,744,750 on the options.

After exercising these options, he sold the same number of shares at a higher price of $85 each, generating revenue from the sale. At the time of the sale, Cabot's stock was trading at $82.71 per share, marking a significant increase of 26.92% year-to-date. The company boasts a market capitalization of $4.32 billion. Following these transactions, Keohane holds 404,134 shares directly and indirectly holds an additional 14,263.7411 shares through the company's 401(k) plan.

The news of his stock sales came as Cabot reported better-than-expected financial results for the third quarter of 2026, with adjusted earnings per share surpassing analysts' forecasts.