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

Director John J. Carmola reported the acquisition of phantom stock units in Minerals Technologies Inc. under a deferred compensation plan.

Summary

• On September 6, 2024, John J. Carmola, a director of Minerals Technologies Inc. (MTX), acquired 32.158 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 economically equivalent to one share of Minerals Technologies Inc. Common Stock.
• The units are to be settled in cash upon Carmola's termination of service as a director.
• Following the transaction, Carmola beneficially owns 23,147.359 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a director's acquisition of phantom stock units under a deferred compensation plan. It doesn't inherently convey positive or negative 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 disclosures required by the SEC for insiders (directors, officers, and 10% owners) of publicly traded companies, providing transparency into their transactions in the company's securities. This filing indicates changes in beneficial ownership, which can be closely watched by investors.

Stakeholder Impact

• The acquisition of phantom stock units by a director may be of interest to shareholders as it reflects the director's alignment with the company's long-term performance.

Key Dates