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

• John J. Carmola, a director at Minerals Technologies Inc., filed a Form 4 to report changes in beneficial ownership.
• The report indicates the acquisition of phantom stock units under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• On June 13, 2024, Carmola acquired 27.63 phantom stock units.
• These units are the economic equivalent of common stock shares and will be settled in cash upon termination of service as a director.
• Following the transaction, Carmola beneficially owns 23,029.213 phantom stock units directly.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It simply reports a transaction related to director compensation.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates compensation practices for non-employee directors at Minerals Technologies Inc.

Stakeholder Impact

• The acquisition of phantom stock units by a director aligns their interests with those of shareholders, potentially incentivizing value creation.

Key Dates