Form 4: Minerals Technologies Inc. Director Marc E. Robinson Reports Acquisition of Phantom Stock Units

Director Marc E. Robinson reported acquiring phantom stock units in Minerals Technologies Inc. under a deferred compensation plan.

Summary

• On September 6, 2024, Marc E. Robinson, a director of Minerals Technologies Inc., reported acquiring 30.859 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 the economic equivalent of one share of Minerals Technologies Inc. Common Stock.
• The units are to be settled in cash upon the reporting person's termination of service as a director.
• Following the transaction, Robinson beneficially owns 22,212.329 phantom stock units directly.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard director compensation practice, aligning director interests with shareholder value. There are no indications of negative implications.

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 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

This filing is a routine disclosure related to director compensation and is common in publicly traded companies. It reflects a mechanism to align director interests with shareholder value through equity-based compensation.

Comparison to Industry Standards

• Deferred compensation plans, including phantom stock units, are a common practice among publicly traded companies to incentivize and retain non-employee directors.
• Companies like Ecolab and Sherwin-Williams also utilize similar deferred compensation plans for their directors.
• The amount of phantom stock units granted is within the typical range for director compensation at companies of similar size and industry.

Stakeholder Impact

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

Key Dates