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

Director Joseph C. Breunig acquired 2,500 phantom stock units of Minerals Technologies Inc. on May 14, 2025, according to a Form 4 filing.

Summary

• On May 14, 2025, Joseph C. Breunig, a director of Minerals Technologies Inc. (MTX), acquired 2,500 phantom stock units.
• These phantom stock units are the economic equivalent of 2,500 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 phantom stock units will be settled in cash upon Breunig's termination of service as a director.
• Following the transaction, Breunig directly owns 19,475.844 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of phantom stock units aligns the director's interests with the company's performance, which is generally viewed favorably. The transaction itself is routine and expected.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, as the value of the units is tied to the performance of the company's stock.

Future Outlook

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

Industry Context

This filing is a routine disclosure of a director's compensation in the form of phantom stock units, which is a common practice in corporate governance to align the interests of directors with those of shareholders.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.

Key Dates

Keywords

phantom stock units, director, Form 4, Minerals Technologies Inc., MTX, beneficial ownership, deferred compensation