Form 4: Minerals Technologies Inc. Director John J. Carmola Reports Acquisition of Phantom Stock Units

Director John J. Carmola reports acquiring 2,500 phantom stock units in Minerals Technologies Inc.

Summary

• John J. Carmola, a director of Minerals Technologies Inc. (MTX), filed a Form 4 to report changes in beneficial ownership.
• The report indicates that on May 14, 2025, Carmola acquired 2,500 phantom stock units.
• These phantom stock units are the economic equivalent of common stock shares and were accrued under the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• The phantom stock units will be settled in cash upon Carmola's termination of service as a director.
• Following the reported transaction, Carmola beneficially owns 25,809.345 shares of Minerals Technologies Inc. common stock directly.

Sentiment

Score: 5

Explanation: The document is a routine 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

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 aligns the director's interests with those of the shareholders.

Key Dates

Keywords

Form 4, beneficial ownership, phantom stock units, director, Minerals Technologies Inc., MTX, deferred compensation, John J. Carmola