Minerals Technologies (MTX) director reports new phantom stock unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Minerals Technologies Inc. director reports additional deferred compensation units. A director of Minerals Technologies Inc. (MTX) filed a Form 4 reporting the acquisition of 46.293 phantom stock units on 12/04/2025 under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors. Each phantom stock unit is the economic equivalent of one share of Minerals Technologies common stock but is not an actual share.
The phantom stock units will be settled in cash when the director’s service on the board ends. Following this transaction, the director beneficially owns 22,664.109 derivative securities in the form of phantom stock units, held directly.
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 | 46.293 | $0.00 | -- |
Holdings After Transaction:
PHANTOM STOCK UNITS — 22,664.109 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 Inc. (MTX) report in this Form 4?
A director of Minerals Technologies Inc. reported acquiring 46.293 phantom stock units on 12/04/2025 under the company’s deferred compensation plan for non-employee directors.
What are the phantom stock units reported by the MTX director?
Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. common stock, but it is a deferred cash-based unit rather than an actual share.
When will the Minerals Technologies (MTX) phantom stock units be settled?
The phantom stock units accrued under the plan are to be settled in cash upon the reporting person’s termination of service as a director.
How many phantom stock units does the MTX director hold after this transaction?
After the reported transaction, the director beneficially owns 22,664.109 derivative securities in the form of phantom stock units, held directly.
What is the reported price of the phantom stock units for the MTX director award?
The filing lists the price of the derivative security as $0, consistent with a deferred compensation award rather than an open-market purchase.
What plan governs the phantom stock units for Minerals Technologies Inc. (MTX) directors?
The units were accrued under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.