Minerals Technologies (NYSE: MTX) grants phantom units to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Deans Alison Ann reported acquisition or exercise transactions in this Form 4 filing.
Minerals Technologies Inc. director Alison Ann Deans received 27.451 phantom stock units tied to the company’s common stock. Each unit is economically equivalent to one share and was granted under the non-employee director deferred compensation and unit award plan. Following this award, she holds 15,439.088 phantom stock units, which will be settled in cash when her board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Deans Alison Ann
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS | 27.451 | $0.00 | -- |
Holdings After Transaction:
PHANTOM STOCK UNITS — 15,439.088 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) report for Alison Ann Deans?
Minerals Technologies reported that director Alison Ann Deans received 27.451 phantom stock units. These units are compensation-linked instruments tied to common stock value and increase her total phantom unit holdings to 15,439.088 units.
What are phantom stock units in the context of Minerals Technologies (MTX)?
Phantom stock units are compensation units whose value tracks Minerals Technologies common stock. Each unit equals one share economically but is paid in cash rather than stock, typically at the end of the director’s service.
How many phantom stock units does Alison Ann Deans hold after this MTX grant?
After the latest grant of 27.451 phantom stock units, Alison Ann Deans holds 15,439.088 phantom stock units. These accumulate under the company’s non-employee director deferred compensation and unit award plan.
Is the MTX phantom stock unit award to Alison Ann Deans an open-market stock purchase?
No, this award is not an open-market purchase. It is a compensation-related grant of 27.451 phantom stock units under a deferred compensation and unit award plan for non-employee directors at Minerals Technologies.