Form 4: Minerals Technologies Director Acquires Phantom Stock Units

John J. Carmola, a Director at Minerals Technologies Inc., acquired 1,908.146 phantom stock units on May 20, 2026, as part of the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.

Summary

• John J. Carmola, a Director of Minerals Technologies Inc., acquired 1,908.146 phantom stock units on May 20, 2026.
• These units are economically equivalent to shares of Minerals Technologies Inc. Common Stock.
• The phantom stock units were granted under the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• Settlement of these units will occur in cash upon Mr. Carmola's termination of service as a director.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard compensation event for a director rather than a significant strategic or financial development.

Positives

• Director participation in equity-linked compensation plans can align management interests with shareholders.
• The plan provides a mechanism for deferred compensation for non-employee directors.

Negatives

• The filing details an acquisition of phantom stock units, not a direct purchase of common stock, which may have different implications for immediate shareholder value.
• The value of these units is tied to the company's stock performance, meaning potential losses if the stock price declines.

Risks

• The value of the phantom stock units is subject to the market performance of Minerals Technologies Inc. Common Stock.
• Potential for cash settlement upon termination of service could lead to a cash outflow for the company at an unspecified future date.

Future Outlook

The phantom stock units are to be settled in cash upon the reporting person's termination of service as a director, indicating a future cash outflow for the company contingent on director tenure.

Industry Context

StockSavvy.ai notes that the use of phantom stock units is a common practice in the materials and industrial sectors for compensating non-employee directors, aligning their interests with long-term shareholder value through stock performance.

Related Party Transactions

• Acquisition 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.

Stakeholder Impact

• Shareholders: The alignment of director compensation with stock performance can be viewed positively, but the cash settlement represents a future liability.
• Employees: No direct impact mentioned.
• Creditors: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Customers: No direct impact mentioned.

Next Steps

• Settlement of phantom stock units in cash upon reporting person's termination of service as a director.

Key Dates

Keywords

Minerals Technologies Inc., MTX, Form 4, Director, Phantom Stock Units, Deferred Compensation, Equity Award, Insider Trading, Beneficial Ownership