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, 2025, Joseph C. Breunig, a director of Minerals Technologies Inc., acquired 27.497 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 units are to be settled in cash upon Breunig's termination of service as a director.
• Following the transaction, Breunig beneficially owns 16,975.844 phantom stock units.

Sentiment

Score: 5

Explanation: This is a routine filing related to director compensation. It doesn't indicate any significant positive or negative sentiment.

Future Outlook

The phantom stock units will be settled in cash upon the director's termination of service, representing a future cash obligation for the company.

Industry Context

The use of phantom stock units is a common practice in executive compensation, particularly for non-employee directors, to align their interests with those of the shareholders without issuing actual shares.

Stakeholder Impact

• Shareholders may be interested in the details of director compensation plans.
• The future cash settlement of the phantom stock units represents a potential liability for the company.

Key Dates