Form 4: Minerals Technologies Inc. Director Acquires Phantom Stock Units

Robert L. Clark, a director at Minerals Technologies Inc., acquired 39.659 phantom stock units under the company's deferred compensation plan.

Summary

• Robert L. Clark, a director of Minerals Technologies Inc., acquired 39.659 phantom stock units on December 5, 2024.
• These phantom stock units were accrued under the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• Each phantom stock unit is equivalent to one share of Minerals Technologies Inc. common stock.
• The units will be settled in cash upon Mr. Clark's termination of service as a director.
• Following the transaction, Mr. Clark directly owns 28,958.054 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with the company's performance.

Positives

• The acquisition of phantom stock units aligns the director's interests with the company's performance.
• The deferred compensation plan is a common practice for non-employee directors.

Future Outlook

The phantom stock units will be settled in cash upon the director's termination of service.

Industry Context

Director compensation through phantom stock units is a common practice in publicly traded companies to align director interests with shareholder value.

Comparison to Industry Standards

• Many companies, such as those in the S&P 500, use deferred compensation plans including phantom stock units for non-employee directors.
• These plans are designed to incentivize long-term value creation and align director interests with shareholders.
• The specific terms of these plans can vary, but the general structure of accruing units that vest over time and are settled in cash or stock is common.

Stakeholder Impact

• The acquisition of phantom stock units by a director is generally viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

phantom stock units, director, deferred compensation, Minerals Technologies Inc., MTX, equity, compensation