Minerals Technologies director granted phantom stock units
Minerals Technologies Inc. director Kristina M. Johnson received a grant of phantom stock units as part of her board compensation.
Rhea-AI Filing Summary
Minerals Technologies Inc. director Kristina M. Johnson received a grant of phantom stock units as part of her board compensation. On this Form 4, she was awarded 7.256 phantom stock units, each economically equivalent to one share of common stock and carrying no exercise price.
The units were credited under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors and will be settled in cash when she leaves the board. Following this grant, Johnson holds a total of 4,080.812 phantom stock units tied to Minerals Technologies common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS | 7.256 | $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.
FAQ
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What insider transaction did Minerals Technologies (MTX) report for Kristina M. Johnson?
How many phantom stock units does Kristina M. Johnson now hold at Minerals Technologies (MTX)?
What are phantom stock units in the context of Minerals Technologies (MTX)?
When will Kristina M. Johnson’s phantom stock units at Minerals Technologies (MTX) be paid out?
Does Kristina M. Johnson’s Form 4 at Minerals Technologies (MTX) show an open-market stock purchase or sale?
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