Minerals Technologies director gets 34.699 units
A non-employee director of MTX received additional cash-settled phantom stock units tied economically to common shares.
Rhea-AI Filing Summary
MINERALS TECHNOLOGIES INC (MTX) director Carolyn K. Pittman reported an acquisition of 34.699 Phantom Stock Units on September 4, 2026 under a non-employee director deferred compensation and unit award plan. Each unit is the economic equivalent of one share of common stock and will be settled in cash upon her termination of service as a director, bringing her total phantom units to 20,784.665.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 34.699 shares
Grant/Award
1 txn
Insider
PITTMAN CAROLYN K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS F1, F2 | 34.699 | $0.00 | $0.00 |
Holdings After Transaction:
PHANTOM STOCK UNITS — 20,784.665 contracts (Direct)
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
Phantom Stock Units acquired: 34.699 units
Phantom Stock Units following transaction: 20,784.665 units
Underlying common stock equivalent: 34.699 shares
+1 more
4 metrics
Phantom Stock Units acquired
34.699 units
Grant/award acquisition on September 4, 2026
Phantom Stock Units following transaction
20,784.665 units
Total phantom units directly held after the award
Underlying common stock equivalent
34.699 shares
Each phantom unit equals one share of common stock economically
Transaction price per unit
$0.0000
Awarded phantom stock units carry no purchase price
Key Terms
Phantom Stock Units, Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors, economic equivalent, settled in cash
4 terms
Phantom Stock Units financial
"Each phantom stock unit is the economic equivalent of one share"
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
"were accrued under the Minerals Technologies Inc. Non-Funded Deferred Compensation"
economic equivalent financial
"Each phantom stock unit is the economic equivalent of one share"
settled in cash financial
"are to be settled in cash upon the reporting person's termination"
FAQ
What insider transaction did MTX director Carolyn K. Pittman report?
She reported an acquisition of 34.699 Phantom Stock Units on September 4, 2026 as a grant or award under a non-employee director deferred compensation and unit award plan.
How many phantom stock units does the MTX director hold after this transaction?
Following this award, Carolyn K. Pittman holds a total of 20,784.665 Phantom Stock Units, all reported as directly owned under the Minerals Technologies Inc. non-employee director plan.
How will the MTX phantom stock units be settled for the director?
The phantom stock units are stated to be settled in cash upon Carolyn K. Pittman’s termination of service as a director, under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
Was the MTX director’s phantom unit award made under a Rule 10b5-1 plan?
No Rule 10b5-1 trading plan is reported. The document-level indicator shows the Rule 10b5-1 box as not checked for this Form 4 filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.