Form 4: Franklin Feder Reports Phantom Stock Unit Acquisition in Minerals Technologies Inc.

Director Franklin Feder reported acquiring phantom stock units in Minerals Technologies Inc. on July 1, 2024, according to a Form 4 filing with the SEC.

Summary

• Franklin Feder, a director of Minerals Technologies Inc. [MTX], filed a Form 4 with the SEC.
• The filing reports a transaction on July 1, 2024, involving phantom stock units.
• Feder acquired phantom stock units under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• The price of the phantom stock units was $98.37.
• Following the transaction, Feder beneficially owns 19,079.391 phantom stock units.
• These units are the economic equivalent of common stock and will be settled in cash upon termination of service as a director.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

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 a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates director compensation in the form of phantom stock units, a common practice.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects director compensation and aligns director interests with the company's performance.

Key Dates