Form 4: Minerals Technologies Inc. Executive DJ Monagle III Reports Intra-Plan Transfer of Phantom Stock Units

DJ Monagle III, a Group President at Minerals Technologies Inc., reported an intra-plan transfer of phantom stock units within the company's Supplemental Savings Plan on June 5, 2024.

Summary

• On June 5, 2024, DJ Monagle III, a Group President of Minerals Technologies Inc. (MTX), reported a transaction involving phantom stock units.
• The transaction was an intra-plan transfer within the Minerals Technologies Inc. Supplemental Savings Plan.
• Monagle transferred phantom stock units equivalent to 4,224.197 shares of common stock.
• The transfer was from the company stock fund to another investment option within the plan.
• The phantom stock units were accrued under the plan and will be settled in cash upon Monagle's termination of employment.
• The price per share equivalent for the phantom stock units at the time of the transaction was $85.62.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing an executive's transaction within a company savings plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the transactions of company insiders.

Key Dates