Form 4: Minerals Technologies Inc. Director Kristina M. Johnson Reports Acquisition of Phantom Stock Units

Director Kristina M. Johnson reports the acquisition of phantom stock units in Minerals Technologies Inc. under the Non-Funded Deferred Compensation and Unit Award Plan.

Summary

• Kristina M. Johnson, a director of Minerals Technologies Inc. (MTX), filed a Form 4 to report changes in beneficial ownership.
• On September 6, 2024, Johnson acquired 2.147 phantom stock units under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• These phantom stock units are the economic equivalent of one share of Minerals Technologies Inc. common stock and will be settled in cash upon termination of service as a director.
• Following the reported transaction, Johnson beneficially owns 1,545.686 phantom stock units directly.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard director compensation practices. It doesn't contain any alarming or negative information, suggesting a neutral to slightly positive sentiment.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors is designed to attract and retain qualified directors.

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 a routine part of corporate governance, providing transparency into the transactions of company insiders and their alignment with shareholder interests.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates