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

Director Franklin Feder reports acquiring 2,500 phantom stock units of Minerals Technologies Inc. on May 14, 2025, under the company's deferred compensation plan.

Summary

• On May 14, 2025, Franklin Feder, a director of Minerals Technologies Inc. (MTX), acquired 2,500 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 represents the economic equivalent of one share of Minerals Technologies Inc. Common Stock.
• The phantom stock units are to be settled in cash upon the reporting person's termination of service as a director.
• Following the transaction, Feder directly owns 22,127.491 phantom stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive 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 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 reassure shareholders that management's interests are aligned with theirs.

Key Dates

Keywords

phantom stock units, director compensation, Form 4, Minerals Technologies Inc., MTX, Franklin Feder, deferred compensation, non-employee directors