Form 4: Minerals Technologies Director Accrues Phantom Stock Units

Minerals Technologies Director Robert Clark accrued 54.163 phantom stock units under a deferred compensation plan, increasing his total beneficial ownership to 31,621.084 units.

Summary

• Robert L. Clark, a Director of Minerals Technologies Inc. (MTX), acquired 54.163 phantom stock units.
• The transaction occurred on September 5, 2025, under the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. Common Stock.
• These units are to be settled in cash upon Mr. Clark's termination of service as a director.
• Following this accrual, Mr. Clark beneficially owns a total of 31,621.084 phantom stock units.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged purchase or sale plan.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. This is a routine compensation disclosure for a director, indicating continued alignment of interests. No significant operational or financial news is contained within.

Positives

• Director Robert L. Clark continues to accrue phantom stock units, aligning his interests with shareholders.
• The transaction is part of a pre-arranged Rule 10b5-1(c) plan, indicating a structured and transparent compensation approach.

Future Outlook

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

Industry Context

This is a routine insider transaction filing, common for directors receiving compensation in equity-like instruments. It reflects standard corporate governance practices for non-employee director compensation, aiming to align director interests with long-term shareholder value.

Comparison to Industry Standards

• The use of phantom stock units for non-employee director compensation is a common practice across various industries, including materials and specialty chemicals, aligning director interests with long-term shareholder value without immediate equity dilution.
• Companies like DuPont (DD) or PPG Industries (PPG) often utilize similar deferred compensation plans for their non-executive directors, involving equity-based awards or cash-settled equivalents.
• The accrual of 54.163 units is a relatively small, routine amount, consistent with typical quarterly or annual director compensation grants in companies of similar market capitalization to MTX.

Corporate Governance

Related Party Transactions

• Accrual of phantom stock units by Director Robert L. Clark under a company-sponsored deferred compensation plan.

Stakeholder Impact

• Shareholders: Director's interests are further aligned with shareholders through equity-linked compensation. No immediate dilution as units are cash-settled.
• Employees: No direct impact on employees.

Next Steps

• The phantom stock units will be settled in cash upon Mr. Clark's termination of service as a director.

Key Dates

Recommendation

This Form 4 filing reports a routine, pre-planned accrual of phantom stock units for a non-employee director as part of their compensation. It does not contain any new material information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. It simply reflects standard corporate governance and compensation practices, thus maintaining a 'hold' recommendation based solely on this filing.

Keywords

Minerals Technologies Inc., MTX, Robert L. Clark, Director Compensation, Phantom Stock Units, Deferred Compensation, Insider Transaction, Form 4, Beneficial Ownership