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 26.543 phantom stock units on September 6, 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 and will be settled in cash upon termination of service as a director.
• Following the transaction, Feder beneficially owns 19,105.934 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a neutral report of a routine transaction. There is no information to suggest a positive or negative sentiment.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The deferred compensation plan is a common practice for compensating non-employee directors.

Industry Context

Deferred compensation plans are a common way for companies to compensate non-employee directors, aligning their interests with the long-term success of the company. This Form 4 filing is a routine disclosure of insider transactions.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reflects the company's compensation practices for non-employee directors.

Key Dates