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

Director Marc E. Robinson acquired 30.462 phantom stock units in Minerals Technologies Inc. on December 5, 2024, under the company's deferred compensation plan.

Summary

• Marc E. Robinson, a director at Minerals Technologies Inc., acquired 30.462 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. Robinson's termination of service as a director.
• Following this transaction, Mr. Robinson beneficially owns 22,242.791 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 long-term performance of the company.
• 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 Ecolab, Newmont, and Sherwin-Williams also use similar deferred compensation plans for their directors.
• The number of units granted is within the typical range for director compensation, but the specific value depends on the company's stock price.

Stakeholder Impact

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

Key Dates

Keywords

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