Form 4: MTX Director Accrues Phantom Stock Units

Minerals Technologies Director Carolyn K. Pittman accrued 78.629 phantom stock units, increasing her total beneficial ownership to 18,418.515 units.

Summary

• Carolyn K. Pittman, a Director of Minerals Technologies Inc. (MTX), acquired 78.629 phantom stock units.
• This transaction occurred on October 1, 2025.
• Following this acquisition, her total beneficial ownership of phantom stock units is 18,418.515.
• Phantom stock units are the economic equivalent of one share of MTX Common Stock.
• These units were accrued under the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• The units will be settled in cash upon her termination of service as a director.

Sentiment

Score: 7

Explanation: The accrual of phantom stock units by a director is a routine compensation event that generally indicates continued alignment of director interests with the company's long-term performance.

Positives

• Director Carolyn K. Pittman increased her beneficial ownership of phantom stock units by 78.629 units, signaling continued alignment with shareholder interests.
• The accrual is part of a deferred compensation plan for non-employee directors, indicating a structured approach to executive incentives.

Negatives

• NA

Risks

• NA

Future Outlook

Phantom stock units are scheduled to be settled in cash upon the reporting person's termination of service as a director.

Management Comments

• NA

Industry Context

The accrual of phantom stock units as deferred compensation for non-employee directors is a common practice across various industries, aligning director incentives with long-term company performance without immediate equity dilution.

Comparison to Industry Standards

• The use of phantom stock units for non-employee director compensation is a widely accepted corporate governance practice, aligning director interests with shareholder value over the long term. This structure is common among publicly traded companies, particularly those with established deferred compensation plans.

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• Accrual of 78.629 phantom stock units by Director Carolyn K. Pittman under the company's deferred compensation plan.

Stakeholder Impact

• Shareholders: Indicates continued alignment of director interests with long-term company performance.
• Director (Carolyn K. Pittman): Represents a component of her compensation and deferred equity interest in the company.

Next Steps

• Settlement of phantom stock units in cash upon Carolyn K. Pittman's termination of service as a director.

Key Dates

Recommendation

This is a routine insider transaction related to director compensation and does not present new material information that would alter an existing investment thesis for Minerals Technologies Inc. It primarily reflects standard corporate governance practices.

Keywords

Minerals Technologies, MTX, Form 4, Insider Transaction, Phantom Stock Units, Director Compensation, Deferred Compensation