Form 4: Minerals Technologies Director Joseph Breunig Accrues Additional Phantom Stock Units

Joseph C. Breunig, a Director at Minerals Technologies Inc. (MTX), has accrued an additional 38.256 phantom stock units under the company's deferred compensation plan.

Summary

• Joseph C. Breunig, a Director of Minerals Technologies Inc. (MTX), acquired 38.256 phantom stock units on June 12, 2025.
• These phantom stock units were accrued under the Minerals Technologies Inc. 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.
• The units are to be settled in cash upon Mr. Breunig's termination of service as a director.
• Following this transaction, Mr. Breunig beneficially owns a total of 19,514.1 phantom stock units.
• The transaction code for this acquisition was 'A', indicating an acquisition, with a price of $0, as it represents an accrual rather than a direct purchase.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine compensation event, but it does show continued alignment of a director's interests with the company's performance, which is generally viewed favorably by investors.

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 method of non-employee director compensation, indicating a structured approach to governance and incentives.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction. It solely reports an insider transaction.

Industry Context

This Form 4 filing details a routine insider transaction related to director compensation. The accrual of phantom stock units is a common practice across various industries for compensating non-employee directors, aligning their interests with shareholders without immediate equity dilution.

Comparison to Industry Standards

• The use of phantom stock units as a component of non-employee director compensation is a widely accepted and standard practice across publicly traded companies, including those in the materials and specialty chemicals sectors where Minerals Technologies operates.
• This mechanism is comparable to similar deferred compensation plans offered by companies like DuPont (DD), LyondellBasell (LYB), or PPG Industries (PPG), which often include equity-linked incentives for their board members to foster long-term value creation.

Corporate Governance

Related Party Transactions

• The accrual of phantom stock units by Joseph C. Breunig, a director, under the company's compensation plan constitutes a related party transaction, which is a standard and disclosed form of director remuneration.

Stakeholder Impact

• Shareholders: Positive impact due to increased alignment of director's interests with company performance, potentially fostering long-term value creation.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• The phantom stock units will be settled in cash upon the reporting person's termination of service as a director, as per the terms of the deferred compensation plan.

Key Dates

Keywords

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