Form 4: Director Clark Accrues Minerals Technologies Phantom Stock

Minerals Technologies Director Robert L. Clark accrued 64.72 phantom stock units, increasing his beneficial ownership to 31,685.804 units.

Summary

• Robert L. Clark, a Director of Minerals Technologies Inc. (MTX), reported an acquisition of phantom stock units.
• On December 4, 2025, Mr. Clark acquired 64.72 phantom stock units.
• Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. Common Stock.
• These units were accrued under the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• The units are to be settled in cash upon Mr. Clark's termination of service as a director.
• Following this transaction, Mr. Clark beneficially owns 31,685.804 phantom stock units.

Sentiment

Score: 6

Explanation: The filing reports a routine compensation accrual for a director, which is a neutral to slightly positive event as it aligns director interests with shareholders, but does not indicate any significant operational or financial news.

Positives

• The accrual of phantom stock units aligns the director's interests with long-term shareholder value, as the units are equivalent to common stock.
• Participation in the Non-Funded Deferred Compensation and Unit Award Plan indicates a structured approach to non-employee director compensation.

Negatives

• No specific negative aspects are identified in this routine compensation filing.

Risks

• The value of the phantom stock units is tied to the performance of Minerals Technologies Inc. Common Stock, meaning their ultimate cash settlement value could fluctuate.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

The accrual of phantom stock units as part of a deferred compensation plan for non-employee directors is a common practice across various industries, designed to align director incentives with long-term company performance and shareholder interests.

Comparison to Industry Standards

• The use of phantom stock units for non-employee director compensation is a widely adopted practice, comparable to plans at companies like 3M, General Electric, or IBM, which also utilize equity-linked compensation to retain and incentivize their board members.
• The structure, where units are settled in cash upon termination of service, is a standard feature of many deferred compensation plans for directors, ensuring a long-term commitment without immediate share ownership.

Corporate Governance

Related Party Transactions

• Director Robert L. Clark's accrual of phantom stock units under a company compensation plan constitutes a transaction between a related party (director) and the issuer.

Stakeholder Impact

• Shareholders: The transaction aligns the director's interests with shareholder value through equity-linked compensation.
• Employees: No direct impact on employees is indicated.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated.

Key Dates

Keywords

Minerals Technologies, MTX, Form 4, Insider Transaction, Director Compensation, Phantom Stock Units, Deferred Compensation, Corporate Governance