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Minerals Technologies (MTX) director receives 12.345 phantom stock units as deferred award

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 12.345 phantom stock units. Each unit is economically equivalent to one share of common stock and was awarded under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors. Following this award, Motwani holds 8,105.262 phantom stock units, which will be settled in cash when his board service ends.

Positive

  • None.

Negative

  • None.
Insider Motwani Rocky
Role null
Type Security Shares Price Value
Grant/Award PHANTOM STOCK UNITS 12.345 $0.00 --
Holdings After Transaction: PHANTOM STOCK UNITS — 8,105.262 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 stock units granted 12.345 units Award to director on 2026-06-18
Total phantom units after grant 8,105.262 units Director’s deferred compensation balance
Economic equivalence 1 unit = 1 share Each phantom unit equals one common share economically
Cash settlement price per unit $0.0000 grant price Units granted at no cash cost to director
PHANTOM STOCK UNITS financial
"security_title: "PHANTOM STOCK UNITS""
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
"are to be settled in cash upon the reporting person's termination of service as a director."
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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)
06/18/2026		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)06/18/2026A12.345 (2) (2)COMMON STOCK12.345$08,105.262D
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 MOTWANI06/22/2026
** 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 insider transaction did Minerals Technologies (MTX) report for Rocky Motwani?

Minerals Technologies reported that director Rocky Motwani received 12.345 phantom stock units. These units were granted as a compensation award under the company’s deferred compensation and unit award plan for non-employee directors and increase his total phantom unit holdings to 8,105.262.

What are phantom stock units in the Minerals Technologies (MTX) Form 4?

The phantom stock units are compensation instruments economically equivalent to one share of Minerals Technologies common stock. They track the value of the stock but do not represent actual shares and will ultimately be settled in cash rather than delivered as common stock.

How many phantom stock units were granted to the MTX director in this filing?

Rocky Motwani was granted 12.345 phantom stock units in this transaction. The award increased his total phantom stock unit holdings to 8,105.262, reflecting additional deferred compensation for his role as a non-employee director of Minerals Technologies Inc.

What is Rocky Motwani’s total phantom stock unit balance after this MTX grant?

After the grant, Rocky Motwani holds a total of 8,105.262 phantom stock units. This figure represents his accumulated deferred compensation balance under the Minerals Technologies Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.

When will the Minerals Technologies (MTX) phantom stock units be settled for the director?

The phantom stock units will be settled in cash upon Rocky Motwani’s termination of service as a director. Until then, the units serve as a deferred compensation vehicle tied economically to the value of Minerals Technologies common stock.