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

Carolyn K. Pittman, a director of Minerals Technologies Inc., reported the acquisition of phantom stock units under the company's Non-Funded Deferred Compensation and Unit Award Plan.

Summary

• On January 2, 2025, Carolyn K. Pittman, a director of Minerals Technologies Inc., acquired 65.017 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 the economic equivalent of one share of Minerals Technologies Inc. Common Stock.
• The phantom stock units are to be settled in cash upon the reporting person's termination of service as a director.
• Following the reported transaction, Ms. Pittman beneficially owns 15,584.495 phantom stock units directly.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and aligns director interests with the company's performance. There are no indications of negative events or concerns.

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. It provides transparency regarding the alignment of director interests with shareholder value.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, as the value of the units is tied to the performance of the company's stock.

Key Dates