Form 4: Minerals Technologies Director Boosts Phantom Stock Holdings

Minerals Technologies Director Carolyn K. Pittman acquired 119.583 phantom stock units, increasing her total beneficial ownership to 18,575.796 units.

Summary

• Carolyn K. Pittman, a Director of Minerals Technologies Inc. (MTX), reported an acquisition of phantom stock units.
• The transaction involved the acquisition of 119.583 phantom stock units.
• Following this transaction, Carolyn K. Pittman beneficially owns a total of 18,575.796 phantom stock units.
• Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. Common Stock.
• These units were accrued under the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• The phantom stock units are to be settled in cash upon Carolyn K. Pittman's termination of service as a director.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock units by a director indicates continued alignment of interests with shareholders, as the value of these units is tied to the company's common stock performance.

Positives

• Director Carolyn K. Pittman's acquisition of phantom stock units aligns her financial interests with those of shareholders, as the units' value is tied to the company's common stock performance.

Future Outlook

The phantom stock units are scheduled to be settled in cash upon Carolyn K. Pittman's termination of service as a director.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide information relevant to broader industry trends or competitive analysis.

Related Party Transactions

• Director Carolyn K. Pittman acquired phantom stock units from Minerals Technologies Inc. as part of her compensation under the Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.

Stakeholder Impact

• Shareholders: The transaction reinforces alignment between director compensation and shareholder value, as the phantom units' value is tied to the company's stock performance.

Next Steps

• Settlement of phantom stock units in cash upon Carolyn K. Pittman's termination of service as a director.

Key Dates

Keywords

Minerals Technologies, MTX, Carolyn K Pittman, Form 4, Insider Transaction, Phantom Stock Units, Director Compensation, Deferred Compensation