Minerals Technologies (NYSE: MTX) grants phantom stock units to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FEDER FRANKLIN reported acquisition or exercise transactions in this Form 4 filing.
Minerals Technologies Inc. director Franklin Feder received a grant of 40.867 phantom stock units on March 6, 2026. Each unit is the economic equivalent of one share of common stock and was granted under the company’s deferred compensation plan, increasing his phantom unit balance to 22,984.003 units, to be settled in cash when his board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FEDER FRANKLIN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS | 40.867 | $0.00 | -- |
Holdings After Transaction:
PHANTOM STOCK UNITS — 22,984.003 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 MTX disclose for director Franklin Feder?
Minerals Technologies Inc. reported that director Franklin Feder received 40.867 phantom stock units on March 6, 2026. These were awarded as compensation, not bought on the open market, and increase his deferred phantom unit balance to 22,984.003 units.
What are phantom stock units at Minerals Technologies (MTX)?
Phantom stock units at Minerals Technologies are bookkeeping units economically equivalent to one share of common stock. They track share value for compensation purposes but do not represent actual shares and are ultimately settled in cash rather than stock delivery.
How many phantom stock units did Franklin Feder receive in this MTX Form 4?
Franklin Feder received 40.867 phantom stock units tied to Minerals Technologies common stock. This award increased his total phantom stock unit holdings to 22,984.003 units, all recorded as direct beneficial ownership under the company’s non-employee director compensation plan.
Is Franklin Feder’s MTX phantom stock unit award an open-market stock purchase?
No, the award is not an open-market purchase. It is a grant of 40.867 phantom stock units under Minerals Technologies’ deferred compensation plan for non-employee directors, representing compensation rather than a discretionary buy or sell transaction in company shares.
When will Franklin Feder’s new MTX phantom stock units be paid out?
The phantom stock units will be paid out in cash upon Franklin Feder’s termination of service as a director. Until then, the units remain as deferred compensation that mirrors the economic performance of Minerals Technologies common stock on a one-for-one basis.