[Form 4] Minerals Technologies Inc Insider Trading Activity

Rhea-AI Filing Summary

Minerals Technologies Inc. (MTX) has filed a Form 4 indicating that director Franklin Feder acquired 211.884 phantom stock units on 07/01/2025 through the companys Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors. Each phantom unit mirrors one share of MTX common stock but will be settled in cash when the director leaves the board, meaning no immediate share issuance or dilution. After the accrual, Feder holds 22,382.84 phantom stock units in total. Because these units are part of routine deferred director compensation and not an open-market purchase or sale, the filing conveys limited insight into near-term share value or company fundamentals.

Positive

• Alignment incentive: Additional phantom stock units modestly link director pay to MTX share performance.

Negative

• No ownership signal: Award is cash-settled and does not represent an insider purchase of actual shares, limiting bullish interpretation.

Insights

Corporate Governance Analyst

TL;DR: Small, routine deferred-comp award; neutral for shareholders.

The reported 211.884 phantom stock units equate to roughly 0.0004% of Minerals Technologies 2024 year-end diluted share countan immaterial amount. Phantom units are settled in cash, so the award creates no dilution risk and does not reflect an insiders direct capital commitment. It is best viewed as standard board compensation that modestly aligns director economics with share performance over time. Because no open-market share purchase occurred, the filing lacks the signaling value often associated with insider buying. Overall impact on valuation, liquidity, and governance profile is neutral.

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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hours per response:			0.5

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^*

FEDER FRANKLIN

(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)
07/01/2025

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)	07/01/2025		A		211.884		(2)	(2)	COMMON STOCK	211.884	$0	22,382.84	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 FRANKLIN FEDER	07/03/2025
	** 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 MTX director Franklin Feder report in the Form 4?

He accrued 211.884 phantom stock units on 07/01/2025 under the non-employee director deferred-compensation plan.

Are the phantom stock units dilutive to MTX shareholders?

No. The units are settled in cash upon board departure, so no new shares are issued.

How many total phantom stock units does Franklin Feder now hold?

Following the transaction, he beneficially owns 22,382.84 phantom stock units.

Did the Form 4 disclose any open-market share purchases or sales?

No. The filing only reports an accrual of phantom stock units—there were no common stock transactions.

Why is this Form 4 considered routine?

It reflects standard deferred director compensation rather than an active trading decision, carrying minimal market impact.