Form 4: Minerals Technologies Inc. Director Alison Ann Deans Acquires Phantom Stock Units

Director Alison Ann Deans acquired 17,534 phantom stock units of Minerals Technologies Inc. on December 5, 2024, under the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.

Summary

• Alison Ann Deans, a director at Minerals Technologies Inc., acquired 17,534 phantom stock units on December 5, 2024.
• These units were granted under the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• Each phantom stock unit is equivalent to one share of Minerals Technologies Inc. common stock.
• The phantom stock units will be settled in cash upon Ms. Deans' termination of service as a director.
• Following this transaction, Ms. Deans beneficially owns 12,802.942 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with the company's performance.

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 practice for non-employee directors.

Future Outlook

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

Industry Context

This type of transaction is common for directors of publicly traded companies as part of their compensation packages, aligning their interests with shareholders.

Comparison to Industry Standards

• Deferred compensation plans, including phantom stock units, are a standard practice for non-employee directors in publicly traded companies.
• Many companies use similar plans to incentivize and retain board members, aligning their interests with the long-term success of the company.
• The specific number of units granted and the terms of the plan are typical for director compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

phantom stock units, director, insider trading, deferred compensation, equity compensation, MTX, Minerals Technologies Inc.