Minerals Technologies (NYSE: MTX) director adds phantom stock units in Form 4 filing
Rhea-AI Filing Summary
Minerals Technologies Inc. director reports small phantom stock award
A director of Minerals Technologies Inc. reported a routine compensation-related transaction. On 12/04/2025, the director acquired 8.32 phantom stock units under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors. Each phantom stock unit is the economic equivalent of one share of Minerals Technologies common stock but will be settled in cash rather than stock when the director’s board service ends. Following this grant, the director beneficially holds 4,073.556 phantom stock units in total, all reported as directly owned.
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FAQ
What insider transaction did Minerals Technologies Inc (MTX) disclose in this Form 4?
The filing shows a director of Minerals Technologies Inc. acquired 8.32 phantom stock units on 12/04/2025 as part of director compensation.
What are the phantom stock units reported for Minerals Technologies Inc (MTX)?
Each phantom stock unit is the economic equivalent of one share of Minerals Technologies common stock, but they are designed to be settled in cash instead of stock.
Under which plan were the Minerals Technologies Inc (MTX) phantom stock units granted?
The 8.32 phantom stock units were accrued under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
When will the Minerals Technologies Inc (MTX) phantom stock units be settled?
The phantom stock units are scheduled to be settled in cash upon the reporting person’s termination of service as a director.
How many phantom stock units does the director hold after this transaction at Minerals Technologies Inc (MTX)?
After acquiring 8.32 units, the director beneficially owns a total of 4,073.556 phantom stock units, reported as direct ownership.
Does this Minerals Technologies Inc (MTX) Form 4 indicate a purchase or sale of common stock?
No common stock was directly bought or sold; the filing reflects a cash-settled phantom stock unit award tied to the value of Minerals Technologies common shares.