Form 4: Minerals Technologies Director Rocky Motwani Accrues Additional Phantom Stock Units

Minerals Technologies Inc. Director Rocky Motwani has accrued an additional 12.058 phantom stock units as part of a non-funded deferred compensation plan.

Summary

• Rocky Motwani, a Director of Minerals Technologies Inc. (MTX), reported a transaction on June 12, 2025.
• The transaction involved the acquisition of 12.058 phantom stock units.
• These 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. Motwani's termination of service as a director.
• Following this transaction, Mr. Motwani beneficially owns a total of 6,150.611 phantom stock units.

Sentiment

Score: 5

Explanation: This is a routine disclosure of director compensation, indicating no significant positive or negative sentiment regarding company performance or outlook.

Positives

• Director Rocky Motwani's continued participation in the company's deferred compensation plan, aligning his interests with long-term shareholder value.

Negatives

• None directly indicated; this is a routine compensation disclosure.

Future Outlook

Phantom stock units are slated for cash settlement upon the reporting person's termination of service as a director.

Industry Context

This Form 4 filing details a routine director compensation event and does not provide broader industry context or trends.

Comparison to Industry Standards

• The use of phantom stock units as a component of non-employee director compensation is a common practice across various industries, including materials and industrial sectors, aligning director incentives with company performance without immediate equity dilution.

Corporate Governance

Related Party Transactions

• The accrual of phantom stock units for a director under a compensation plan is a standard, disclosed related party transaction.

Stakeholder Impact

• Shareholders: The accrual of phantom stock units aligns director interests with shareholder value, as the units are tied to the company's common stock performance, albeit settled in cash upon service termination.

Next Steps

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

Key Dates

Recommendation

Keywords

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