Form 4: Kristina M. Johnson Reports Acquisition of Phantom Stock Units in Minerals Technologies Inc.

Director Kristina M. Johnson reports acquiring phantom stock units in Minerals Technologies Inc. under a deferred compensation plan.

Summary

• Kristina M. Johnson, a director of Minerals Technologies Inc. (MTX), filed a Form 4 to report changes in beneficial ownership.
• On May 15, 2024, Johnson acquired 1,541.687 phantom stock units under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• These phantom stock units are the economic equivalent of one share of Minerals Technologies Inc. Common Stock each.
• The units will be settled in cash upon Johnson's termination of service as a director.
• Following the transaction, Johnson beneficially owns 1,541.687 phantom stock units directly.

Sentiment

Score: 7

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

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• The deferred compensation plan may incentivize long-term commitment from the director.

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, providing transparency to investors.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates