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 disclosing a transaction on April 1, 2025.
• Feder acquired 195.532 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 and will be settled in cash upon termination of service as a director.
• Following the reported transaction, Feder beneficially owns 19,627.491 derivative securities.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of insider transactions.

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.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves deferred compensation for a director.

Key Dates

Keywords

Form 4, Minerals Technologies Inc, Franklin Feder, phantom stock units, derivative securities, director, MTX, deferred compensation