FEDER FRANKLIN 4

What Happened

• Franklin Feder, a director of Minerals Technologies Inc. (MTX), received a grant of 238.871 phantom stock units on 2026-04-01. The Form 4 reports the acquisition price as $0.00 (derivative award); these units are recorded as deferred compensation and will be settled in cash rather than issued as shares.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (filed timely).
• Security: Phantom stock units (each unit is economically equivalent to one common share) — 238.871 units granted.
• Price reported: $0.00 per unit (award/grant, not an open-market purchase).
• Shares owned after transaction: Not specified on this Form 4.
• Footnotes: Units were accrued under the Minerals Technologies Inc. Non‑Funded Deferred Compensation and Unit Award Plan for Non‑Employee Directors and will be settled in cash upon the director’s termination of service.

Context

• These phantom units are a form of deferred compensation for non‑employee directors and do not represent immediate share issuance or a market purchase. Such grants are common in director pay programs and should be interpreted as compensation, not a direct bullish or bearish market signal.