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

Director Rocky Motwani acquired 4,975 phantom stock units in Minerals Technologies Inc. under the company's Non-Funded Deferred Compensation and Unit Award Plan.

Summary

• Rocky Motwani, a director at Minerals Technologies Inc., acquired 4,975 phantom stock units on December 5, 2024.
• These units were granted 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. Motwani's termination of service as a director.
• Following this transaction, Mr. Motwani beneficially owns 3,632.659 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. It is a positive for the director but not a significant event for the company.

Future Outlook

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

Industry Context

This is a standard practice for compensating non-employee directors, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Many companies use phantom stock units as part of their compensation packages for non-employee directors.
• This method of compensation is common among publicly traded companies to align director interests with shareholder value.
• The specific terms of the plan, such as vesting and settlement, are typical for these types of awards.

Stakeholder Impact

• The transaction has a minor positive impact on the director's personal wealth.
• The transaction has no immediate impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

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