Minerals Technologies director granted phantom stock units
CLARK ROBERT L reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
CLARK ROBERT L reported acquisition or exercise transactions in this Form 4 filing.
Minerals Technologies Inc. director Robert L. Clark received a grant of 1,908.146 phantom stock units. Each unit is economically equivalent to one share of Minerals Technologies common stock. Following this award, he holds a total of 33,650.389 phantom stock units.
The units were accrued under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors and are to be settled in cash when he terminates service as a director. This is a compensation-related, non-cash award rather than an open-market stock purchase or sale.
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
economic equivalent financial
settled in cash financial
FAQ
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What did MTX director Robert L. Clark report in this Form 4?
How many phantom stock units does Robert L. Clark hold after this MTX award?
When will the MTX phantom stock units reported by Robert L. Clark be settled?
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