Form 4: Minerals Technologies Inc. Director Alison Ann Deans Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Alison Ann Deans, a director of Minerals Technologies Inc., reported the acquisition of phantom stock units under the company's Non-Funded Deferred Compensation and Unit Award Plan.
Summary
- On March 7, 2025, Alison Ann Deans, a director of Minerals Technologies Inc., acquired 20.772 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 the economic equivalent of one share of Minerals Technologies Inc. Common Stock.
- The phantom stock units are to be settled in cash upon the reporting person's termination of service as a director.
- Following the transaction, Deans beneficially owns 12,823.714 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The phantom stock units will be settled in cash upon the reporting person's termination of service as a director.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the holdings of company directors. It is standard practice for directors to receive stock-based compensation as part of their overall remuneration.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of transaction: Alison Ann Deans acquired phantom stock units. |
| 03/11/2025 | Date of signature for the Form 4 filing. |
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