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

Kristina M Johnson, a director at Minerals Technologies Inc., acquired phantom stock units under the company's Non-Funded Deferred Compensation and Unit Award Plan.

Summary

• On March 7, 2025, Kristina M Johnson, a director of Minerals Technologies Inc. (MTX), acquired 2.511 phantom stock units.
• These units were accrued under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. Common Stock.
• The units are to be settled in cash upon the reporting person's termination of service as a director.
• Following the transaction, Johnson directly owns 1,550.317 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive as it aligns director interests with company performance.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The Non-Funded Deferred Compensation and Unit Award Plan is a common method for compensating non-employee directors.

Future Outlook

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

Industry Context

The use of phantom stock units is a common practice in corporate governance to align the interests of non-employee directors with those of shareholders. It provides a form of deferred compensation that is tied to the company's stock performance.

Comparison to Industry Standards

• Many companies, including those in the materials and technology sectors, use deferred compensation plans and stock-based awards to compensate their directors.
• These plans are often benchmarked against industry peers to ensure competitive compensation packages that attract and retain qualified board members.
• Companies like Ecolab and Newmont Corporation also utilize similar compensation strategies for their non-employee directors.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively impact shareholders by aligning the director's interests with the company's long-term success.
• Employees may view this as a positive sign of commitment from the board.

Key Dates