Form 4: Carolyn K. Pittman Reports Acquisition of Phantom Stock Units in Minerals Technologies Inc.

Director Carolyn K. Pittman reports acquiring phantom stock units in Minerals Technologies Inc. under a deferred compensation plan.

Summary

• Carolyn K. Pittman, a director of Minerals Technologies Inc. [MTX], reported a transaction on June 13, 2024, involving phantom stock units.
• Pittman acquired 18.346 phantom stock units under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• These units are the economic equivalent of one share of Minerals Technologies Inc. Common Stock and will be settled in cash upon termination of service as a director.
• Following the reported transaction, Pittman beneficially owns 15,291.344 phantom stock units directly.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't suggest any immediate positive or negative implications for the company's financial health or stock performance.

Future Outlook

The phantom stock units will be settled in cash upon the reporting person's termination of service as a director.

Industry Context

This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction impacts shareholders by disclosing director compensation and equity ownership.
• It also affects the director, Carolyn K. Pittman, through deferred compensation.

Key Dates