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Minerals Technologies (NYSE: MTX) director receives 42.576 phantom stock units as deferred pay

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CARMOLA JOHN J reported acquisition or exercise transactions in this Form 4 filing.

Minerals Technologies Inc. director John J. Carmola received a grant of 42.576 phantom stock units on Minerals Technologies Inc. Common Stock. Each unit is economically equivalent to one share of common stock and was accrued under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors. After this award, Carmola holds a total of 27,954.390 phantom stock units, which will be settled in cash when his service as a director ends.

Positive

  • None.

Negative

  • None.
Insider CARMOLA JOHN J
Role null
Type Security Shares Price Value
Grant/Award PHANTOM STOCK UNITS 42.576 $0.00 --
Holdings After Transaction: PHANTOM STOCK UNITS — 27,954.39 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 42.576 units Award on 2026-06-18
Total phantom units after award 27,954.390 units Director’s cumulative deferred units
Economic equivalence 1 unit = 1 share Each phantom unit equals one MTX common share in value
Exercise price $0.0000 per unit Compensation grant, no purchase price
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."
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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*
CARMOLA JOHN J
(Last)(First)(Middle)
MINERALS TECHNOLOGIES INC.
622 THIRD AVENUE, 38TH FLOOR
(Street)
NEW YORK NEW YORK 10017
(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)06/18/2026A42.576 (2) (2)COMMON STOCK42.576$027,954.39D
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 JOHN J CARMOLA06/22/2026
** 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 did Minerals Technologies (MTX) director John J. Carmola report on this Form 4?

He reported receiving 42.576 phantom stock units as a compensation award. These units track Minerals Technologies common stock value and increase his deferred holdings under the director compensation plan.

How many phantom stock units does John J. Carmola hold after this MTX transaction?

Following the award, he holds 27,954.390 phantom stock units. This figure reflects his cumulative deferred compensation position tied to Minerals Technologies common stock under the non-employee director plan.

Are John J. Carmola’s phantom stock units in MTX settled in stock or cash?

They are settled in cash upon his termination of service as a director. The units mirror Minerals Technologies common stock value but do not deliver actual shares at settlement.

What is a phantom stock unit in the context of Minerals Technologies (MTX)?

A phantom stock unit is an economic equivalent of one common share, used for deferred compensation. Its value tracks Minerals Technologies’ stock price but is ultimately paid in cash to the director.

Was this MTX Form 4 a buy or sell of common stock by John J. Carmola?

No open-market buy or sell took place; it was a grant of phantom stock units. The transaction is compensation-related rather than a discretionary trade in Minerals Technologies shares.