Minerals Technologies director granted phantom units
FEDER FRANKLIN reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
FEDER FRANKLIN reported acquisition or exercise transactions in this Form 4 filing.
Minerals Technologies Inc. director Franklin Feder received a grant of 238.871 phantom stock units that track the company’s common stock. These units were awarded under the Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors and increase his phantom balance to 23,222.874 units.
Each phantom stock unit is the economic equivalent of one share of common stock but will be settled in cash, not shares, after his service as a director ends. This is a compensation-related, non-market transaction rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS | 238.871 | $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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Minerals Technologies (MTX) report for Franklin Feder?
How many phantom stock units does Franklin Feder hold at Minerals Technologies (MTX) after this filing?
Does the Franklin Feder Form 4 for MTX reflect a stock market purchase or sale?
When will Franklin Feder’s Minerals Technologies phantom stock units be paid out?
AI-generated analysis. How Rhea-AI works. Not financial advice.