Form 4: Minerals Technologies Director Accrues Phantom Stock Units

Minerals Technologies Director Alison Ann Deans accrued 31.479 phantom stock units, increasing her total beneficial ownership to 15,411.637 units.

Summary

• Alison Ann Deans, a Director of Minerals Technologies Inc. (MTX), acquired 31.479 phantom stock units.
• The transaction date for this accrual was December 4, 2025.
• Following this transaction, Ms. Deans beneficially owns a total of 15,411.637 phantom stock units.
• Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. Common Stock.
• These units were accrued under the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• The phantom stock units are to be settled in cash upon Ms. Deans' termination of service as a director.

Sentiment

Score: 6

Explanation: The filing indicates a routine compensation event for a director, which is generally neutral but slightly positive due to continued alignment of director interests with company performance.

Positives

• The accrual of phantom stock units aligns the director's financial interests with the long-term performance of Minerals Technologies Inc. common stock.
• This is a standard component of non-employee director compensation, indicating stable corporate governance practices.

Negatives

• The phantom stock units are settled in cash, not actual shares, meaning they do not directly increase the director's equity stake in the company's common stock.

Industry Context

The accrual of phantom stock units as part of a deferred compensation plan for non-employee directors is a common practice across various industries. It serves to attract and retain qualified board members by aligning their compensation with company performance without requiring immediate equity grants.

Comparison to Industry Standards

• This compensation structure, involving phantom stock units settled in cash, is a widely accepted method for compensating non-employee directors in publicly traded companies, similar to practices seen at peers like PPG Industries or RPM International, which also utilize various forms of deferred equity-linked compensation for their board members.
• The specific plan, a Non-Funded Deferred Compensation and Unit Award Plan, is a standard mechanism for deferring compensation and linking it to company stock performance without immediate tax implications for the recipient.

Corporate Governance

Related Party Transactions

• The accrual of phantom stock units by Director Alison Ann Deans under the company's compensation plan constitutes a related party transaction, as it involves compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The transaction reinforces director alignment with company performance, potentially benefiting long-term shareholder value.
• Employees: No direct impact on employees is indicated by this specific filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated.

Next Steps

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

Key Dates

Recommendation

This Form 4 filing details a routine compensation accrual for a non-employee director and does not present any new material information that would alter the fundamental investment thesis for Minerals Technologies Inc. The transaction is expected and does not indicate any significant operational, financial, or strategic shifts that would warrant a change in investment recommendation.

Keywords

Minerals Technologies, MTX, Alison Ann Deans, Director Compensation, Phantom Stock Units, SEC Form 4, Insider Transaction, Deferred Compensation