Form 4: Minerals Technologies Director Accrues Additional Phantom Stock Units

Minerals Technologies Inc. Director John J. Carmola has accrued an additional 50.697 phantom stock units, increasing his total beneficial ownership to 25,860.042 units.

Summary

• John J. Carmola, a Director of Minerals Technologies Inc. (MTX), acquired 50.697 phantom stock units.
• The transaction date for this accrual was June 12, 2025.
• These phantom stock units were accrued under the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• Each phantom stock unit is economically equivalent to one share of Minerals Technologies Inc. Common Stock.
• The units are to be settled in cash upon Mr. Carmola's termination of service as a director.
• Following this transaction, Mr. Carmola beneficially owns a total of 25,860.042 phantom stock units.

Sentiment

Score: 6

Explanation: The filing indicates a routine accrual of phantom stock units as part of director compensation, which is a neutral event but can be seen as slightly positive due to increased alignment of director interests with shareholder value.

Positives

• The accrual of phantom stock units aligns the director's interests with shareholder value, as these units are tied to the company's common stock performance.
• The increase in beneficial ownership by a director can be viewed as a positive signal of confidence in the company's future.

Future Outlook

The phantom stock units are structured to be settled in cash upon the reporting person's termination of service as a director, indicating a long-term incentive structure.

Management Comments

• The company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors facilitates the accrual of phantom stock units as a form of director compensation.

Industry Context

This Form 4 filing reflects a routine compensation event for a non-employee director, common across publicly traded companies that utilize deferred compensation plans to align director interests with long-term shareholder value.

Related Party Transactions

• The accrual of phantom stock units by Director John J. Carmola under the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The accrual of phantom stock units for a director aligns their financial interests with the long-term performance of the company's stock, potentially benefiting shareholders.

Key Dates

Recommendation

Keywords

Minerals Technologies, MTX, SEC Form 4, insider transaction, phantom stock, deferred compensation, director compensation