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), reported acquiring 105.659 phantom stock units on October 1, 2024.
• These units were accrued under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• Each phantom stock unit is equivalent to one share of Minerals Technologies Inc. common stock.
• The units will be settled in cash upon Feder's termination of service as a director.
• Following the transaction, Feder directly owns 19,211.593 derivative securities.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The deferred compensation plan can be seen as a way to retain and incentivize non-employee directors.

Future Outlook

The phantom stock units will be settled in cash upon the reporting person's termination of service as a director.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in publicly traded companies. It reflects a component of director compensation designed to align their interests with shareholder value.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates