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 March 7, 2024, Joseph C. Breunig, a director of Minerals Technologies Inc., acquired 21.051 phantom stock units.
• These 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 and will be settled in cash upon termination of service as a director.
• Following the transaction, Breunig directly owns 15,339.657 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard compensation practices and 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 deferred compensation plan can be seen as a tool to retain 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

• Shareholders are informed about changes in beneficial ownership by a company director.
• The compensation structure may influence director behavior and decision-making.

Key Dates