What is the nature and purpose of the 42.576 phantom stock units granted to Minerals Technologies director John J. Carmola?

The 42.576 phantom stock units granted to John J. Carmola are a form of deferred compensation that are economically equivalent to common stock shares, meaning their value tracks the company's stock price without conveying actual ownership or voting rights; they are not purchased on the open market but awarded as part of his director compensation package and will be settled in cash upon his termination of service as a director.

How does this grant affect John J. Carmola’s total phantom stock unit holdings, and how is the transaction formally reported?

This grant increases John J. Carmola’s total phantom stock unit holdings to 27,954.390 units; the transaction was formally reported in a SEC Form 4 filing, which categorizes it explicitly as a compensation-related grant—not an open-market trade—thereby indicating it is a non-discretionary, plan-based award tied to his role as a director.

Minerals Technologies Director Receives Phantom Stock Units as Deferred Compensation

Jun 23, 2026

Minerals Technologies Inc director John J. Carmola was granted 42,576 phantom stock units as deferred compensation, increasing his total holdings to 27,954 units. The award will be settled in cash upon his termination of service.

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