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Minerals Technologies (NYSE: MTX) awards phantom stock units to director Motwani

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Motwani Rocky reported acquisition or exercise transactions in this Form 4 filing.

Minerals Technologies Inc. director Rocky Motwani received a grant of phantom stock units as compensation. On May 20, 2026, he was awarded 1,908.146 phantom stock units, each economically equivalent to one share of Minerals Technologies common stock. These units were accrued under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors and will be settled in cash when his service as a director ends. Following this grant, Motwani holds a total of 8,092.917 phantom stock units. The filing does not reflect any open-market stock purchases or sales.

Positive

  • None.

Negative

  • None.
Insider Motwani Rocky
Role null
Type Security Shares Price Value
Grant/Award PHANTOM STOCK UNITS 1,908.146 $0.00 --
Holdings After Transaction: PHANTOM STOCK UNITS — 8,092.917 shares (Direct, null)
Footnotes (1)
  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.
Phantom units granted 1,908.146 units Grant on May 20, 2026 to director Rocky Motwani
Total phantom units after grant 8,092.917 units Director Rocky Motwani holdings after reported transaction
Unit-to-share equivalence 1 unit = 1 share Each phantom stock unit equals one MTX common share economically
Transaction price per unit $0.0000 Compensation grant, not a market purchase or sale
PHANTOM STOCK UNITS financial
"Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. Common Stock."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors financial
"The phantom stock units were accrued under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors"
economic equivalent financial
"Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. Common Stock."
settled in cash financial
"and are to be settled in cash upon the reporting person's termination of service as a director."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Motwani Rocky
(Last)(First)(Middle)
622 THIRD AVE.
38TH FLOOR
(Street)
NEW YORK NEW YORK 10017-6707
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
MINERALS TECHNOLOGIES INC [ MTX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
PHANTOM STOCK UNITS(1)05/20/2026A1,908.146 (2) (2)COMMON STOCK1,908.146$08,092.917D
Explanation of Responses:
1. Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. Common Stock.
2. 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.
TIMOTHY JORDAN FOR ROCKY MOTWANI05/21/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Minerals Technologies (MTX) director Rocky Motwani report on this Form 4?

Rocky Motwani reported receiving a grant of phantom stock units as director compensation. On May 20, 2026, he was awarded 1,908.146 units tied to Minerals Technologies common stock, increasing his total phantom unit holdings to 8,092.917.

How many phantom stock units did Rocky Motwani receive from Minerals Technologies (MTX)?

He received 1,908.146 phantom stock units. Each unit is the economic equivalent of one share of Minerals Technologies common stock, awarded under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.

What are phantom stock units in the Minerals Technologies (MTX) director plan?

Phantom stock units are cash-settled awards that mirror the value of Minerals Technologies common stock. Each unit equals one share economically, and under the non-employee director plan they are settled in cash when a director’s service ends.

When will Rocky Motwani’s Minerals Technologies (MTX) phantom stock units be settled?

The phantom stock units will be settled in cash upon Motwani’s termination of service as a director. Until then, they function as deferred compensation whose value tracks Minerals Technologies’ common stock performance.

Did the Minerals Technologies (MTX) Form 4 show any stock being bought or sold in the market?

No market trades were reported. The Form 4 only shows a grant of 1,908.146 phantom stock units as deferred director compensation, with no open-market purchases or sales of Minerals Technologies common stock.

What is Rocky Motwani’s total phantom stock unit balance at Minerals Technologies (MTX)?

After the reported grant, Motwani holds 8,092.917 phantom stock units. These units represent deferred compensation tied to the value of Minerals Technologies common stock and will be settled in cash when his board service ends.