MTX director compensation: 196.572 cash‑settled phantom stock units added
Rhea-AI Filing Summary
Franklin Feder, a director of Minerals Technologies Inc. (MTX), recorded an accrual of 196.572 phantom stock units on 10/01/2025. Each phantom unit is the economic equivalent of one share of the company’s common stock and was granted under the Non‑Funded Deferred Compensation and Unit Award Plan for Non‑Employee Directors. The units are to be settled in cash upon the reporting person’s termination of service as a director. Following the reported accrual, the filing shows 22,617.816 shares (or share equivalents) beneficially owned by the reporting person.
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Insights
Director accrued 196.572 cash‑settled phantom units under deferred plan
This Form 4 records a routine director compensation accrual rather than an open‑market trade: 196.572 phantom stock units were credited on 10/01/2025 under the company’s deferred compensation plan for non‑employee directors.
The units are cash‑settled at termination, meaning they are economic equivalents of shares but will not increase outstanding share count if paid in cash; the filing also reports 22,617.816 beneficially owned share equivalents after the accrual.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS | 196.572 | $0.00 | -- |
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.