Form 4: Minerals Technologies Inc. Director Franklin Feder Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Franklin Feder reported the acquisition of phantom stock units in Minerals Technologies Inc. on April 1, 2024.
Summary
- On April 1, 2024, Franklin Feder, a director of Minerals Technologies Inc., reported acquiring 108.626 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 units are to be settled in cash upon the reporting person's termination of service as a director.
- Following the transaction, Feder directly owns 17,416.561 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
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 related to director compensation and is typical for publicly traded companies.
Stakeholder Impact
- Shareholders are informed about changes in director's holdings, which can provide insights into management's alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Franklin Feder acquired phantom stock units. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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