Minerals Technologies (MTX) director awarded 40 phantom stock units in cash-settled plan
Rhea-AI Filing Summary
Minerals Technologies Inc. director compensation update: Director Joseph C. Breunig reported acquiring 40.009 phantom stock units of Minerals Technologies Inc. on 12/04/2025. The transaction is coded as an acquisition and carries a price of $0, indicating it is part of a compensation arrangement rather than an open-market purchase.
Each phantom stock unit is the economic equivalent of one share of Minerals Technologies common stock, but these units will be settled in cash, not stock. They were accrued under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors and are to be paid out when the director’s service ends. Following this grant, Breunig holds 19,587.591 derivative securities in the form of phantom stock units, held directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS | 40.009 | $0.00 | -- |
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) report in this Form 4?
What are the phantom stock units reported by Minerals Technologies (MTX)?
Under what plan were the 40.009 phantom stock units for MTX’s director accrued?
When will the phantom stock units for the MTX director be paid out?
How many phantom stock units does the MTX director hold after this transaction?
Was there any cash price paid for the MTX phantom stock unit grant?