Form 4: Minerals Technologies Inc. Director Breunig Reports Acquisition of Phantom Stock Units

Director Joseph C. Breunig reports acquiring phantom stock units in Minerals Technologies Inc. under a deferred compensation plan.

Summary

• On September 6, 2024, Joseph C. Breunig, a director of Minerals Technologies Inc. (MTX), acquired 23.514 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 equivalent to one share of Minerals Technologies Inc. common stock.
• The phantom stock units will be settled in cash upon Breunig's termination of service as a director.
• Following the transaction, Breunig beneficially owns 16,925.136 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and 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 can be seen as a way to retain and incentivize 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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence by aligning management's interests with shareholder value.

Key Dates