Form 4: Director Feder Accrues Minerals Technologies Phantom Stock

Minerals Technologies Director Franklin Feder accrued 38.404 phantom stock units under a non-funded deferred compensation plan.

Summary

• Franklin Feder, a Director of Minerals Technologies Inc. (MTX), reported an acquisition of 38.404 phantom stock units.
• The transaction date for this accrual was September 5, 2025.
• These phantom stock units are the economic equivalent of one share of Minerals Technologies Inc. Common Stock.
• The units were accrued under the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• The phantom stock units are to be settled in cash upon Mr. Feder's termination of service as a director.
• Following this reported transaction, Mr. Feder beneficially owns 22,421.244 phantom stock units directly.

Sentiment

Score: 6

Explanation: The filing reports a routine compensation accrual for a director, which is a neutral to slightly positive event as it reflects ongoing director involvement and a standard compensation mechanism.

Positives

• The accrual of phantom stock units is part of a standard compensation plan for non-employee directors, indicating continued alignment of director interests with shareholder value.
• The deferred compensation plan provides a mechanism for directors to accumulate equity-like interests without immediate cash outlay, potentially fostering long-term commitment.

Future Outlook

The filing does not provide forward-looking statements or guidance regarding the company's operational or financial performance, focusing solely on an insider's beneficial ownership change.

Management Comments

• Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. Common Stock.
• The phantom stock units were accrued under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors and are to be settled in cash upon the reporting person's termination of service as a director.

Industry Context

This Form 4 filing is a routine disclosure of director compensation and does not provide information relevant to broader industry trends or competitive landscape. Deferred compensation plans involving phantom stock are common mechanisms for compensating non-employee directors across various industries.

Related Party Transactions

• The accrual of phantom stock units by Director Franklin Feder under the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors constitutes a related party transaction, as it involves compensation from the company to a member of its board.

Stakeholder Impact

• Shareholders: The transaction is a routine part of director compensation and has a minimal direct impact on current share value or ownership dilution. It aligns director interests with long-term company performance.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Keywords

Minerals Technologies, MTX, Franklin Feder, Director Compensation, Phantom Stock Units, Deferred Compensation, Insider Transaction, SEC Form 4