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

Director Franklin Feder reports acquiring 31.476 phantom stock units in Minerals Technologies Inc. on March 7, 2025.

Summary

• Franklin Feder, a director of Minerals Technologies Inc. [MTX], reported the acquisition of 31.476 phantom stock units on March 7, 2025.
• These phantom stock units are the economic equivalent of one share of Minerals Technologies Inc. Common Stock.
• The units were accrued under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• These units will be settled in cash upon the reporting person's termination of service as a director.
• Following the reported transaction, Feder beneficially owns 19,431.959 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The deferred compensation plan for non-employee directors is a common practice to attract and retain qualified board members.

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. Phantom stock units are a common form of deferred compensation for directors.

Stakeholder Impact

• Shareholders are informed about the transactions of company insiders, promoting transparency.
• The compensation structure for directors can influence their decision-making and alignment with shareholder interests.

Key Dates