Form 4: Minerals Technologies Director Adds Phantom Stock Units

Minerals Technologies director Franklin Feder acquired 279.027 phantom stock units as part of a deferred compensation plan.

Summary

• Franklin Feder, a Director of Minerals Technologies Inc. (MTX), acquired 279.027 phantom stock units.
• The transaction occurred on January 2, 2026.
• These phantom stock units are the economic equivalent of one share of Minerals Technologies Inc. Common Stock.
• The units were accrued under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• The phantom stock units are to be settled in cash upon Mr. Feder's termination of service as a director.
• Following this transaction, Mr. Feder beneficially owns a total of 22,943.136 phantom stock units.

Sentiment

Score: 5

Explanation: The filing reports a routine acquisition of phantom stock units by a director as part of a compensation plan, which is a neutral event with no immediate positive or negative implications for the company's operational or financial performance.

Future Outlook

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

Industry Context

This filing represents a routine compensation event for a non-employee director, common across various industries for aligning director interests with shareholder value through equity-like incentives.

Corporate Governance

Related Party Transactions

• The acquisition of phantom stock units by Director Franklin Feder under a company-sponsored deferred compensation plan constitutes a transaction between a related party (director) and the issuer.

Stakeholder Impact

• Shareholders: The transaction is a routine part of director compensation and does not directly impact current share value or ownership structure, but aligns director incentives with long-term company performance.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

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

Key Dates

Recommendation

This Form 4 filing details a routine, non-cash compensation event for a director, involving the accrual of phantom stock units. Such transactions are standard practice for director remuneration and do not provide new information that would fundamentally alter the investment thesis for Minerals Technologies Inc. Therefore, a 'hold' recommendation is appropriate, as this filing does not present a catalyst for a change in stock valuation or investment strategy.

Keywords

Minerals Technologies Inc., MTX, Franklin Feder, Phantom Stock Units, Director Compensation, Deferred Compensation Plan, Insider Transaction, SEC Form 4