Form 4: Robert L. Clark, Minerals Technologies Inc. Director, Reports Acquisition of Phantom Stock Units

Director Robert L. Clark reports acquiring phantom stock units in Minerals Technologies Inc. through a non-funded deferred compensation plan.

Summary

• Robert L. Clark, a director of Minerals Technologies Inc. [MTX], reported a transaction on June 13, 2024.
• Clark acquired 34.647 phantom stock units under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
• These phantom stock units are the economic equivalent of one share of Minerals Technologies Inc. Common Stock each.
• The units will be settled in cash upon Clark's termination of service as a director.
• Following the reported transaction, Clark beneficially owns 28,878.219 phantom stock units directly.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, suggesting a neutral to slightly positive sentiment due to alignment of interests.

Positives

• The acquisition of phantom stock units aligns the director's interests with the company's performance.
• The deferred compensation plan may incentivize long-term commitment from the director.

Future Outlook

The phantom stock units will be settled in cash upon the director's termination of service, linking compensation to the duration of service.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

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

Key Dates