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

Director Marc E. Robinson reported the acquisition of phantom stock units in Minerals Technologies Inc. under the company's Non-Funded Deferred Compensation and Unit Award Plan.

Summary

• On May 15, 2024, Marc E. Robinson, a director of Minerals Technologies Inc., reported acquiring 1,541.687 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 reporting person's termination of service as a director.
• Following the transaction, Robinson beneficially owns 22,154.858 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding director compensation, indicating a neutral sentiment.

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 aligns with standard practices for publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include deferred compensation in the form of stock units or options.
• The specifics of the Minerals Technologies Inc. plan are consistent with industry norms for non-employee director compensation.
• Comparing the value of these units to similar companies would require further analysis of their compensation structures.

Stakeholder Impact

• The acquisition of phantom stock units by a director aligns their interests with those of the shareholders.
• This type of compensation is designed to incentivize long-term value creation.

Key Dates