Form 4: Franklin Feder Reports Acquisition of Phantom Stock Units in Minerals Technologies Inc.

Director Franklin Feder reports acquiring phantom stock units in Minerals Technologies Inc. under a deferred compensation plan.

Summary

• Franklin Feder, a director of Minerals Technologies Inc. (MTX), filed a Form 4 indicating a transaction involving derivative securities.
• On January 2, 2025, Feder acquired 162.543 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 one share of Minerals Technologies Inc. Common Stock.
• The units are to be settled in cash upon Feder's termination of service as a director.
• Following the reported transaction, Feder directly owns 19,400.483 derivative securities.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any particular positive or negative sentiment about the company's performance or prospects.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The deferred compensation plan may incentivize continued service and dedication from the director.

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 a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates compensation practices for non-employee directors.

Stakeholder Impact

• Shareholders may be interested in the compensation structure for non-employee directors.
• The filing provides transparency into insider transactions.

Key Dates