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 March 7, 2025.
• Pittman acquired 25.285 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 each.
• The phantom stock units will be settled in cash upon Pittman's termination of service as a director.
• Following the reported transaction, Pittman beneficially owns 15,609.78 phantom stock units directly.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and ongoing relationship between the director and the company. It's a neutral event with a slightly positive implication due to the alignment of interests.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The deferred compensation plan is a common way to reward and retain non-employee directors.

Future Outlook

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates