MTX director granted 51 phantom stock units
CLARK ROBERT L reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
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Rhea-AI Filing Summary
CLARK ROBERT L reported acquisition or exercise transactions in this Form 4 filing.
Minerals Technologies Inc. director Robert L. Clark reported receiving a grant of 51.329 phantom stock units tied to the company’s common stock. These units were awarded under the Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors and are to be settled in cash when his board service ends. Following this grant, Clark holds a total of 33,701.718 phantom stock units, representing compensation rather than an open-market share purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS | 51.329 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. Common Stock.
- F2. 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.
Key Figures
Key Terms
PHANTOM STOCK UNITS financial
Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors financial
economic equivalent financial
settled in cash financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Minerals Technologies (MTX) director Robert L. Clark report on this Form 4?
How many phantom stock units does Robert L. Clark hold after this MTX grant?
What is a phantom stock unit in the context of Minerals Technologies (MTX)?
Under which plan were the MTX phantom stock units for Robert L. Clark accrued?
AI-generated analysis. How Rhea-AI works. Not financial advice.