Minerals Technologies (MTX) director adds 119.583 phantom stock units in Form 4
Rhea-AI Filing Summary
Minerals Technologies Inc. director reports additional deferred stock units. A board member of Minerals Technologies Inc. (MTX) reported acquiring 119.583 phantom stock units on 01/02/2026 under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors. Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. common stock, but the award is to be settled in cash when the director’s board service ends. Following this grant, the director beneficially owns 18,575.796 derivative securities in the form of phantom stock units, held directly.
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FAQ
What insider transaction did Minerals Technologies Inc (MTX) report in this Form 4?
A director of Minerals Technologies Inc. (MTX) reported acquiring 119.583 phantom stock units on 01/02/2026 as part of director compensation.
What are the phantom stock units reported for MTX and what do they represent?
Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. common stock, providing value tied to the share price without issuing actual shares.
How and when will the MTX director’s phantom stock units be settled?
The phantom stock units were accrued under the Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors and are to be settled in cash when the reporting person’s service as a director terminates.
How many derivative securities does the MTX director own after this transaction?
After the reported transaction, the director beneficially owns 18,575.796 derivative securities in the form of phantom stock units, held directly.
Does this MTX Form 4 involve common stock or only derivative securities?
This filing reports activity in derivative securities, specifically phantom stock units whose value is tied to common stock, rather than a direct trade in common shares.
Is the reported MTX Form 4 transaction part of a director compensation plan?
Yes. The phantom stock units were accrued under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors, indicating they are a form of director compensation.