Form 4: MTX Director Franklin Feder Acquires Phantom Stock Units

Minerals Technologies Inc. Director Franklin Feder acquired 46.293 phantom stock units, increasing his beneficial ownership to 22,664.109 units.

Summary

• Franklin Feder, a Director of Minerals Technologies Inc. (MTX), acquired 46.293 phantom stock units.
• The transaction occurred on December 4, 2025.
• These phantom stock units are the economic equivalent of one share of MTX Common Stock.
• The units were accrued under the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• They are to be settled in cash upon Mr. Feder's termination of service as a director.
• Following this transaction, Mr. Feder beneficially owns a total of 22,664.109 phantom stock units.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock units by a director, as part of a deferred compensation plan, generally indicates continued alignment of interests with shareholders. It is a routine disclosure for insider compensation and does not suggest significant new positive or negative developments.

Positives

• Director Franklin Feder increased his beneficial ownership in the company through the acquisition of phantom stock units, aligning his interests with shareholders.
• The phantom stock units, being the economic equivalent of common stock, demonstrate a commitment to long-term value creation for shareholders.

Future Outlook

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

Industry Context

This Form 4 filing reports a routine insider transaction, specifically the accrual of phantom stock units as part of a director's compensation plan. Such compensation structures are common across publicly traded companies to align the interests of non-employee directors with those of shareholders.

Comparison to Industry Standards

• Phantom stock units are a common form of non-employee director compensation, aligning director interests with shareholders without immediate equity dilution. Many public companies, particularly those with established deferred compensation plans for their boards, utilize similar instruments to retain and incentivize directors.
• This practice is consistent with broader corporate governance trends aimed at fostering long-term value creation by linking director remuneration to company performance.

Corporate Governance

Related Party Transactions

• Accrual of 46.293 phantom stock units to Director Franklin Feder under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors. These units are the economic equivalent of common stock and will be settled in cash upon termination of service.

Stakeholder Impact

• Shareholders: The accrual of phantom stock units to a director aligns their economic interests with those of shareholders, as the units' value is tied to the company's common stock performance.

Next Steps

• The phantom stock units will be settled in cash upon Franklin Feder's termination of service as a director.

Key Dates

Recommendation

This Form 4 reports a routine insider transaction where a director received phantom stock units as part of a deferred compensation plan. This event, while indicating continued alignment of interests, does not provide new material information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. It is a standard disclosure for insider compensation.

Keywords

Minerals Technologies Inc., MTX, Franklin Feder, Form 4, insider transaction, phantom stock units, director compensation, beneficial ownership