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

Director John J. Carmola acquired 31.871 phantom stock units of Minerals Technologies Inc. under a deferred compensation plan.

Summary

• John J. Carmola, a director at Minerals Technologies Inc., acquired 31.871 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. Carmola's termination of service as a director.
• Following the transaction, Mr. Carmola directly owns 23,271.589 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively. It indicates alignment of interests between the director and the company.

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 retaining and incentivizing non-employee directors.

Industry Context

The use of phantom stock units as part of director compensation 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 materials and manufacturing sectors, 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 those of shareholders.
• The specific number of units and terms of the plan are typical for director compensation packages.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with long-term company performance.

Key Dates

Keywords

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