Minerals Technologies (NYSE: MTX) director gets 1,908 phantom units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ROBINSON MARC E reported acquisition or exercise transactions in this Form 4 filing.
Minerals Technologies Inc. director Marc E. Robinson received a grant of 1,908.146 phantom stock units on May 20, 2026. Each unit is the economic equivalent of one share of Minerals Technologies common stock and is accrued under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
The phantom stock units will be settled in cash when Robinson’s service as a director ends. Following this grant, his balance in these phantom stock units stands at 26,873.589. This is a compensation-related award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ROBINSON MARC E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS | 1,908.146 | $0.00 | -- |
Holdings After Transaction:
PHANTOM STOCK UNITS — 26,873.589 shares (Direct, null)
Footnotes (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.
Key Figures
Phantom units granted: 1,908.146 units
Phantom units after grant: 26,873.589 units
Exercise price: 0.0000
+1 more
4 metrics
Phantom units granted
1,908.146 units
Grant on May 20, 2026
Phantom units after grant
26,873.589 units
Balance following transaction
Exercise price
0.0000
Phantom stock unit grant price
Underlying security
1,908.146 common shares equivalent
Each phantom unit equals one MTX common share economically
Key Terms
phantom stock units, Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors, settled in cash
3 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"
settled in cash financial
"are to be settled in cash upon the reporting person's termination of service as a director"
FAQ
What did Minerals Technologies (MTX) director Marc E. Robinson report on this Form 4?
Marc E. Robinson reported receiving 1,908.146 phantom stock units as a compensation award. These units track the value of Minerals Technologies common stock and increase his deferred compensation balance rather than reflecting an open-market stock trade.
How many phantom stock units does Marc E. Robinson hold after this MTX transaction?
After the reported grant, Marc E. Robinson holds 26,873.589 phantom stock units. This figure represents his accumulated deferred compensation units tied economically to Minerals Technologies common stock under the company’s non-employee director compensation plan.
When will Marc E. Robinson’s phantom stock units at Minerals Technologies be settled?
The phantom stock units will be settled in cash upon Marc E. Robinson’s termination of service as a director. Until then, they remain as deferred compensation units whose value is linked to Minerals Technologies common stock.
What plan governs the phantom stock units granted to the MTX director?
The phantom stock units were accrued under Minerals Technologies Inc.’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors. This plan provides deferred, cash-settled awards that mirror the value of the company’s common stock.