Minerals Technologies director granted phantom units
CARMOLA JOHN J reported acquisition or exercise transactions in this Form 4 filing.
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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 46.236 phantom stock units, bringing his total phantom stock holdings to 26,003.668 units. Each unit is economically equivalent to one share of common stock and will be settled in cash when his board service ends, reflecting routine non-employee director compensation rather than an open-market trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS | 46.236 | $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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Minerals Technologies (MTX) report for John J. Carmola?
Was the MTX Form 4 transaction a stock purchase or sale by the director?
What are phantom stock units in the Minerals Technologies (MTX) filing?
When will John J. Carmola receive cash for his MTX phantom stock units?
How many phantom stock units does the MTX director hold after this grant?
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