Minerals Technologies (NYSE: MTX) director awarded new phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CARMOLA JOHN J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS | 46.236 | $0.00 | -- |
Holdings After Transaction:
PHANTOM STOCK UNITS — 26,003.668 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 insider transaction did Minerals Technologies (MTX) report for John J. Carmola?
Minerals Technologies reported that director John J. Carmola received 46.236 phantom stock units as a grant. These units are part of the company’s non-employee director compensation and increase his total phantom stock holdings to 26,003.668 units.
Was the MTX Form 4 transaction a stock purchase or sale by the director?
The MTX Form 4 shows an acquisition through a grant, not a market trade. Carmola received 46.236 phantom stock units at a price of $0.0000 per unit as compensation, with no open-market buying or selling involved in this transaction.
What are phantom stock units in the Minerals Technologies (MTX) filing?
In this filing, each phantom stock unit is economically equivalent to one share of Minerals Technologies common stock. The units track the stock’s value but are not actual shares and are ultimately settled in cash, rather than delivered as stock.
When will John J. Carmola receive cash for his MTX phantom stock units?
The phantom stock units will be settled in cash when Carmola’s service as a director ends. They were accrued under Minerals Technologies’ Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors and are designed as deferred, cash-settled compensation.
How many phantom stock units does the MTX director hold after this grant?
After receiving the 46.236-unit grant, Carmola holds a total of 26,003.668 phantom stock units. This figure represents his accumulated balance in the company’s non-employee director deferred compensation and unit award plan, all to be settled in cash at termination.