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

Director Marc E. Robinson reported the acquisition of phantom stock units in Minerals Technologies Inc. on March 7, 2024.

Summary

• On March 7, 2024, Marc E. Robinson, a director of Minerals Technologies Inc., acquired 28.288 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 are to be settled in cash upon the director's termination of service.
• Following the transaction, Robinson beneficially owns 20,613.171 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-governed company. The sentiment is neutral to slightly positive.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The compensation plan is designed to retain and reward non-employee directors.

Future Outlook

The phantom stock units will be settled in cash upon the director's termination of service, linking director compensation to long-term company performance.

Industry Context

Reporting of beneficial ownership changes by company insiders is a standard practice governed by SEC regulations, ensuring transparency in corporate governance.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director incentives with company performance.

Key Dates