Minerals Technologies (NYSE: MTX) director receives phantom stock unit award
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 44.3900 phantom stock units on 2026-03-06. Each unit is the economic equivalent of one share of Minerals Technologies common stock and is part of a 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, rather than in actual shares. After this award, his balance under the plan is 24,965.4430 phantom stock units, reflecting deferred, cash-settled director compensation 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
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS | 44.39 | $0.00 | -- |
Holdings After Transaction:
PHANTOM STOCK UNITS — 24,965.443 shares (Direct)
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.
FAQ
What did Minerals Technologies (MTX) director Marc E. Robinson report on this Form 4?
Marc E. Robinson reported receiving 44.3900 phantom stock units as a compensation award. These units mirror Minerals Technologies common stock value but are cash-settled later, so they represent deferred director pay rather than an immediate stock market transaction or trade.
What are phantom stock units in the context of Minerals Technologies (MTX)?
Phantom stock units are bookkeeping entries whose value tracks Minerals Technologies common stock. For this director, each phantom unit equals one share’s value but will be settled in cash, providing equity-linked compensation without issuing actual shares or voting rights.
How many phantom stock units does Marc E. Robinson hold after this MTX transaction?
After the reported grant, Marc E. Robinson holds 24,965.4430 phantom stock units. This total reflects his accumulated deferred compensation under the company’s non-funded plan for non-employee directors, all of which will ultimately be paid out in cash.
Is the 44.3900 phantom stock unit award for MTX a market purchase or sale?
No, the 44.3900 phantom stock unit award is not a market purchase or sale. It is a compensation grant under a deferred plan, with units credited at no cost and later settled in cash rather than traded on the open market.
When will the Minerals Technologies (MTX) phantom stock units be paid to Marc E. Robinson?
The phantom stock units will be settled in cash when Marc E. Robinson’s service as a director ends. Until that termination date, the units track the value of Minerals Technologies common stock as part of his deferred director compensation package.