Director at Minerals Technologies (NYSE: MTX) awarded phantom stock units

(Neutral)

Form Type

Rhea-AI Filing Summary

PITTMAN CAROLYN K reported acquisition or exercise transactions in this Form 4 filing.

Minerals Technologies Inc. director Carolyn K. Pittman reported a compensation-related award of 99.1120 phantom stock units. Each unit is the economic equivalent of one share of Minerals Technologies common stock and is settled in cash rather than stock.

The units were accrued under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors and will be paid in cash when her service as a director ends. Following this award, her balance under this plan totals 20,749.9660 phantom stock units, reflecting deferred, cash-settled compensation rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider PITTMAN CAROLYN K

Role Director

Type	Security	Shares	Price	Value
Grant/Award	PHANTOM STOCK UNITS	99.112	$0.00	$0.00

Holdings After Transaction: PHANTOM STOCK UNITS — 20,749.966 shares (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 units granted: 99.1120 units Total phantom units after grant: 20,749.9660 units Unit-to-share equivalence: 1 unit = 1 share equivalent

3 metrics

Phantom units granted 99.1120 units Grant of phantom stock units on 2026-07-01

Total phantom units after grant 20,749.9660 units Balance following reported transaction

Unit-to-share equivalence 1 unit = 1 share equivalent Each phantom stock unit equals one common share economically

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 of Minerals Technologies Inc. Common Stock."

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

"and are to be settled in cash upon the reporting person's termination of service as a director."

FAQ

What did Carolyn K. Pittman report in this Form 4 for MTX?

Carolyn K. Pittman reported receiving 99.1120 phantom stock units as director compensation. These units mirror Minerals Technologies common stock value but are paid in cash later, increasing her deferred balance to 20,749.9660 units under the non-employee directors’ plan.

Are the MTX phantom stock units real shares of Minerals Technologies stock?

The phantom stock units are not actual shares of stock. Each unit is the economic equivalent of one Minerals Technologies common share but will be settled in cash, so they do not convey direct share ownership or voting rights.

When will Carolyn K. Pittman receive cash for these MTX phantom stock units?

Cash payment for these phantom stock units will occur when her service as a director ends. Under the Non-Funded Deferred Compensation and Unit Award Plan, accumulated units are settled in cash upon termination of service rather than during ongoing board tenure.

How many total phantom stock units does Carolyn K. Pittman now hold for MTX?

After this award, Carolyn K. Pittman holds 20,749.9660 phantom stock units. This figure reflects her accumulated balance under the Minerals Technologies Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors as reported in the Form 4 filing.

Does this MTX Form 4 show a stock purchase or sale by Carolyn K. Pittman?

The filing shows a grant of phantom stock units, not a stock purchase or sale. It records a compensation-related award economically tied to Minerals Technologies shares, with future cash settlement instead of an open-market transaction in the company’s stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 03:45 PM Accepted by SEC EDGAR 07/02/2026 - 03:44 PM

SEC Form 4

FORM 4

UNITED 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^*

PITTMAN CAROLYN K

(Last)

(First)

(Middle)

622 THIRD AVE.

38TH FLOOR

(Street)

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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
PHANTOM STOCK UNITS	⁽¹⁾	07/01/2026		A		99.112		⁽²⁾	⁽²⁾	COMMON STOCK	99.112	$0	20,749.966	D

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 CAROLYN PITTMAN	07/02/2026
	** Signature of Reporting Person	Date
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