Jeff Ji Zhu, Executive Vice President at Cabot (NYSE:CBT), reported a large acquisition of company stock options on November 14, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Zhu, Executive Vice President at Cabot, a company in the Materials sector, was just awarded stock options worth 13,402 shares of CBT. The options give Zhu the right to buy the company's stock at $74.4 per share.
Cabot shares are trading down 0.0% at $78.35 at the time of this writing on Wednesday morning. Since the current price is $78.35, this makes Zhu's 13,402 shares worth $1,050,046.