Form 4: Carolyn K. Pittman Reports Acquisition of Phantom Stock Units in Minerals Technologies Inc.
SEC Form 4 Filing
Director Carolyn K. Pittman reports acquiring phantom stock units in Minerals Technologies Inc. under a deferred compensation plan.
Summary
- On October 1, 2024, Carolyn K. Pittman, a director of Minerals Technologies Inc. [MTX], acquired 96.054 phantom stock units.
- These units were accrued under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
- Each phantom stock unit is equivalent to one share of Minerals Technologies Inc. Common Stock.
- The phantom stock units will be settled in cash upon Pittman's termination of service as a director.
- Following the transaction, Pittman beneficially owns 15,498.224 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Carolyn K. Pittman acquired phantom stock units. |
| 10/02/2024 | Date of signature for the Form 4 filing. |
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