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

Director Franklin Feder acquired 26,347 phantom stock units in Minerals Technologies Inc., which will be settled in cash upon termination of service.

Summary

• Franklin Feder, a director at Minerals Technologies Inc., acquired 26,347 phantom stock units on December 5, 2024.
• These phantom stock units are equivalent to shares of Minerals Technologies Inc. common stock.
• The units were accrued under the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• The units will be settled in cash upon Mr. Feder's termination of service as a director.
• Following the transaction, Mr. Feder beneficially owns 19,237.94 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive. It indicates that the director is aligned with the company's long-term performance.

Future Outlook

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

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Many public companies use phantom stock units as part of their compensation packages for non-employee directors.
• The use of deferred compensation plans is a common practice to align the interests of directors with the long-term performance of the company.
• The settlement of these units in cash upon termination is a standard approach.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

phantom stock units, director, insider trading, deferred compensation, equity securities, Minerals Technologies Inc.