MTX director granted 1,908 phantom stock units
Breunig Joseph C. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Breunig Joseph C. reported acquisition or exercise transactions in this Form 4 filing.
Minerals Technologies Inc. director Joseph C. Breunig received a grant of 1,908.146 phantom stock units tied to the company’s common stock. These units are the economic equivalent of one share of common stock each and are part of his non-employee director compensation.
The phantom stock units were accrued under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors and will be settled in cash when his board service ends. After this grant, his balance in this plan is 21,530.627 phantom stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS | 1,908.146 | $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
settled in cash financial
FAQ
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What did MTX director Joseph C. Breunig report in this Form 4?
Are the MTX phantom stock units an actual stock purchase or sale?
How many phantom stock units does Joseph C. Breunig hold after this transaction in MTX?
What is a phantom stock unit in the context of Minerals Technologies (MTX)?
When will the MTX phantom stock units granted to Joseph C. Breunig be paid out?
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