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

Director Kristina M. Johnson reports the acquisition of 2,500 phantom stock units in Minerals Technologies Inc. on May 14, 2025, according to a Form 4 filing.

Summary

• Kristina M. Johnson, a director of Minerals Technologies Inc. (MTX), filed a Form 4 with the SEC.
• The filing reports a transaction that occurred on May 14, 2025.
• Johnson acquired 2,500 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 2,500 shares of Minerals Technologies Inc. Common Stock.
• The phantom stock units will be settled in cash upon Johnson's termination of service as a director.
• Following the reported transaction, Johnson beneficially owns 4,050.317 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-governed company. The sentiment is neutral to slightly positive.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The deferred compensation plan for non-employee directors is a common practice to attract and retain qualified board members.

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 by a director aligns their interests with shareholders, potentially driving long-term value creation.

Key Dates

Keywords

Form 4, phantom stock units, director, Minerals Technologies Inc., MTX, beneficial ownership, deferred compensation, Kristina M. Johnson