Minerals Technologies director gets 13.554 units
Director Rocky Motwani received additional cash-settled phantom stock units tied to MTX’s common stock under the non-employee directors’ deferred compensation plan.
Rhea-AI Filing Summary
MINERALS TECHNOLOGIES INC (symbol: MTX) is the issuer of record for a Form 4 filing submitted to the SEC. Motwani Rocky reported acquisition or exercise transactions in this Form 4 filing.
MINERALS TECHNOLOGIES INC (MTX) reported that director Rocky Motwani received a grant of 13.5540 phantom stock units on September 4, 2026 under a deferred compensation and unit award plan for non-employee directors. This increased his directly held phantom stock unit balance to 8,118.8160 units, each economically equivalent to one share of common stock and payable in cash upon his termination of board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS F1, F2 | 13.554 | $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
What insider transaction did MTX director Rocky Motwani report?
How many phantom stock units does Rocky Motwani hold after this MTX Form 4?
What does each MTX phantom stock unit granted to Rocky Motwani represent?
Was Rocky Motwani’s MTX Form 4 transaction under a Rule 10b5-1 plan?
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