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

Director Kristina M Johnson acquired 2.12 phantom stock units in Minerals Technologies Inc., which are to be settled in cash upon termination of service.

Summary

• Kristina M Johnson, a director at Minerals Technologies Inc., acquired 2.12 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 Johnson's termination of service as a director.
• Following the transaction, Johnson directly owns 1,547.806 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The acquisition of phantom stock units is a positive sign of alignment with company 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

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

• Deferred compensation plans, including phantom stock units, are a standard component of non-employee director compensation packages in many publicly traded companies.
• Companies like Newmont Corporation (NEM) and Freeport-McMoRan (FCX) also use similar equity-based compensation for their directors, though the specific terms and conditions may vary.
• The amount of phantom stock units granted is relatively small, suggesting it is a regular part of the director's compensation rather than a significant one-off grant.

Stakeholder Impact

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

Key Dates

Keywords

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