FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 02/21/2024 |
3. Issuer Name and Ticker or Trading Symbol
COMPASS MINERALS INTERNATIONAL INC [ CMP ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 3,578 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Performance Stock Unit (rTSR) | 10/15/2024 | 10/15/2024 | Common Stock | 333 | (1) | D | |
Performance Stock Unit (rTSR) | 10/15/2024 | 10/15/2024 | Common Stock | 218 | (1) | D | |
Performance Stock Unit (rTSR) | 10/15/2025 | 10/15/2025 | Common Stcok | 1,227 | (1) | D | |
Restricted Stock Unit | 10/15/2024 | 10/15/2024 | Common Stock | 122 | (2) | D | |
Restricted Stock Unit | 10/15/2025 | 10/15/2025 | Common Stock | 545 | (3) | D | |
Restricted Stock Unit | 05/18/2026 | 05/18/2026 | Common Stcok | 1,332 | (4) | D | |
Restricted Stock Unit | 10/15/2026 | 10/15/2026 | Common Stcok | 1,554 | (5) | D | |
Stock Option (Right to Buy) | (6) | 04/03/2024 | Common Stcok | 1,782 | $68 | D | |
Stock Option (Right to Buy) | (6) | 04/02/2025 | Common Stcok | 2,444 | $59.5 | D |
Explanation of Responses: |
1. Each performance stock unit represents a contingent right to receive between 0% and 200% of one share of Issuer common stock. The reported number of securities represents the target number of shares that may be earned. The actual number of shares that may be earned will be calculated by comparing the Issuer's relative total shareholder return to the total shareholder return for each company comprising the Issuer's peer group over a three-year performance period. |
2. Each restricted stock unit represents a contingent right to receive one share of Issuer common stock. A performance hurdle tied to the Issuer's financial performance has been satisfied. The restricted stock units will vest on October 15, 2024. |
3. Each restricted stock unit represents a contingent right to receive one share of Issuer common stock. The restricted stock units vest in three equal installments, beginning on the first anniversary of the grant date and ending on October 15, 2025. |
4. Each restricted stock unit represents a contingent right to receive one share of Issuer common stock. The restricted stock units vest in three equal installments, beginning on the first anniversary of the grant date and ending on May 18, 2026. |
5. Each restricted stock unit represents a contingent right to receive one share of Issuer common stock. The restricted stock units vest in three equal installments, beginning on the first anniversary of the grant date and ending on October 15, 2026. |
6. This stock option award is 100% vested. |
Remarks: |
Exhibit 24 - Power of Attorney |
/s/ Robert B. Porter, Attorney-in-Fact | 03/05/2024 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |