Director at Minerals Technologies (NYSE: MTX) granted new phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JOHNSON KRISTINA M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS | 7.256 | $0.00 | -- |
Holdings After Transaction:
PHANTOM STOCK UNITS — 4,080.812 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 Kristina M. Johnson?
Minerals Technologies reported that director Kristina M. Johnson received a grant of 7.256 phantom stock units. These units are part of her non-employee director compensation and are tied to the value of the company’s common stock, but are settled only in cash.
How many phantom stock units does Kristina M. Johnson now hold at Minerals Technologies (MTX)?
After the latest award, Kristina M. Johnson holds 4,080.812 phantom stock units linked to Minerals Technologies common stock. This total reflects her accumulated director compensation under the company’s deferred compensation and unit award plan for non-employee directors.
What are phantom stock units in the context of Minerals Technologies (MTX)?
At Minerals Technologies, each phantom stock unit is the economic equivalent of one share of common stock. The units track the stock’s value for compensation purposes but do not represent actual shares and are ultimately settled in cash, not stock, for the director.
When will Kristina M. Johnson’s phantom stock units at Minerals Technologies (MTX) be paid out?
The phantom stock units accrued by Kristina M. Johnson will be settled in cash upon her termination of service as a director. Until then, they function as deferred compensation that mirrors the economic value of Minerals Technologies common stock.
Does Kristina M. Johnson’s Form 4 at Minerals Technologies (MTX) show an open-market stock purchase or sale?
The Form 4 does not show an open-market trade. It reports a grant of phantom stock units as director compensation, with zero exercise price, that will be paid in cash later rather than reflecting a purchase or sale of actual MTX shares.