Minerals Technologies director gets 56.357 phantom units
Director Robert L. Clark received additional cash-settled phantom stock units tied to MTX common stock as deferred board compensation.
Rhea-AI Filing Summary
MINERALS TECHNOLOGIES INC (symbol: MTX) is the issuer of record for a Form 4 filing submitted to the SEC. CLARK ROBERT L reported acquisition or exercise transactions in this Form 4 filing.
Minerals Technologies Inc. (MTX) reported that director Robert L. Clark received a grant of 56.357 phantom stock units on September 4, 2026 under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors. Following this award, he holds 33,758.075 phantom stock units, each economically equivalent to one share of common stock and payable in cash upon termination of his service as a director. No Rule 10b5-1 trading plan is reported for this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS F1, F2 | 56.357 | $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
economic equivalent financial
settled in cash financial
FAQ
What transaction did MTX director Robert L. Clark report on this Form 4?
What are phantom stock units in the context of MTX’s director compensation?
Was Robert L. Clark’s MTX phantom stock unit grant made under a Rule 10b5-1 trading plan?
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