Form 4: Minerals Technologies Inc. Director Alison Ann Deans Reports Acquisition of Phantom Stock Units

Director Alison Ann Deans reported the acquisition of phantom stock units in Minerals Technologies Inc. on March 7, 2024.

Summary

• On March 7, 2024, Alison Ann Deans, a director of Minerals Technologies Inc., reported acquiring 15.384 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 equivalent to one share of Minerals Technologies Inc. common stock and will be settled in cash upon termination of service as a director.
• Following the transaction, Ms. Deans beneficially owns 11,210.641 phantom stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns director interests with company 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 may incentivize continued service and dedication 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 by a director can positively influence shareholder confidence by aligning management's interests with shareholder value.

Key Dates