Minerals Technologies (MTX) Director Receives 6.963 Cash-Settled Units

Rhea-AI Filing Summary

Kristina M. Johnson, a director of Minerals Technologies Inc. (MTX), received 6.963 phantom stock units on 09/05/2025 under the companys Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors. Each phantom unit equals one share of MTX common stock and will be settled in cash when Ms. Johnson ends her service as a director. After this accrual, she beneficially owns the economic equivalent of 4,065.236 shares, held directly. The Form 4 was signed on behalf of the reporting person by Timothy Jordan on 09/09/2025.

Positive

• Clear disclosure of the award date (09/05/2025), amount (6.963 phantom units), and settlement terms (cash upon termination).
• No immediate equity dilution reported because units are cash-settled rather than shares issued.

Negative

• Liability not quantified: the dollar value of the cash-settled phantom units is not disclosed in the filing.
• Timing of payout unclear: exact payout date or schedule beyond 'upon termination' is not specified.

Insights

Corporate Governance Expert

TL;DR: Director deferred compensation award of 6.963 phantom units, cash-settled at termination; routine non-derivative disclosure.

This Form 4 reports a small accrual of phantom stock units for a non-employee director under an existing deferred compensation plan. The units are economic equivalents of common shares and are payable in cash upon termination of service, which means no new issued equity or immediate dilution. The disclosed beneficial ownership after the accrual is 4,065.236 shares, held directly.

Compensation & Benefits Analyst

TL;DR: Modest director compensation recorded as phantom units; typical practice for cash-settled director deferrals.

The transaction reflects routine director compensation bookkeeping: accrual of 6.963 phantom stock units under the Non-Funded Deferred Compensation and Unit Award Plan. Because settlement is in cash upon termination, this is a deferred cash liability for the company rather than equity issuance. The filing provides clear mechanics and post-transaction beneficial ownership totaling 4,065.236 shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

JOHNSON KRISTINA M

(Last) (First) (Middle)

622 THIRD AVENUE

(Street)

NEW YORK NY 10017-6707

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MINERALS TECHNOLOGIES INC [ MTX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
PHANTOM STOCK UNITS	(1)	09/05/2025		A		6.963		(2)	(2)	COMMON STOCK	6.963	$0	4,065.236	D

Explanation of Responses:

1. Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. Common Stock.

2. The phantom stock units were accrued under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors and are to be settled in cash upon the reporting person's termination of service as a director.

	TIMOTHY JORDAN FOR KRISTINA JOHNSON	09/09/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Kristina Johnson report on the Form 4 for MTX?

She reported an accrual of 6.963 phantom stock units under the Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors, recorded 09/05/2025.

Will the 6.963 phantom units issued to Kristina Johnson dilute MTX shareholders?

No immediate dilution; the units are cash-settled equivalents of shares and are not issued as common stock.

How many shares does Kristina Johnson beneficially own after the reported transaction?

4,065.236 shares (economic equivalent) are reported as beneficially owned following the transaction.

When will the phantom stock units be paid out to Kristina Johnson?

The filing states they will be settled in cash upon her termination of service as a director; no specific payout date is provided.

Who signed the Form 4 on behalf of Kristina Johnson and when?

Timothy Jordan signed for Kristina Johnson on 09/09/2025.