Director Rocky Motwani receives phantom stock units at MINERALS TECHNOLOGIES (MTX)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Motwani Rocky reported acquisition or exercise transactions in this Form 4 filing.
MINERALS TECHNOLOGIES INC director Rocky Motwani received a grant of 10.997 phantom stock units that are economically equivalent to the company’s common stock. This award, made under the non-funded deferred compensation and unit award plan for non-employee directors, brings his total phantom stock units to 6,184.771, to be settled in cash upon termination of board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Motwani Rocky
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS | 10.997 | $0.00 | -- |
Holdings After Transaction:
PHANTOM STOCK UNITS — 6,184.771 shares (Direct)
Footnotes (1)
- Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. Common Stock. 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.
FAQ
What insider transaction did MINERALS TECHNOLOGIES (MTX) disclose for Rocky Motwani?
MINERALS TECHNOLOGIES disclosed that director Rocky Motwani received 10.997 phantom stock units. These units are a form of deferred director compensation tied to the value of common stock and increase his total phantom stock holdings to 6,184.771 units under the company’s director plan.
What are the phantom stock units granted to MINERALS TECHNOLOGIES director Rocky Motwani?
Each phantom stock unit granted to Rocky Motwani is economically equivalent to one share of MINERALS TECHNOLOGIES common stock. They track the share value but do not represent actual shares and will be settled in cash instead of stock, according to the company’s non-employee director compensation plan.
How many phantom stock units does Rocky Motwani hold after the latest MINERALS TECHNOLOGIES Form 4?
After the reported grant, Rocky Motwani holds a total of 6,184.771 phantom stock units. This figure reflects his accumulated awards under the non-funded deferred compensation and unit award plan for non-employee directors and moves in value with MINERALS TECHNOLOGIES common stock performance.
When will Rocky Motwani’s MINERALS TECHNOLOGIES phantom stock units be paid out?
Rocky Motwani’s phantom stock units will be settled in cash upon his termination of service as a director. Until then, the units remain as deferred compensation tied to the value of MINERALS TECHNOLOGIES common stock under the non-funded plan for non-employee directors.