Minerals Technologies director granted phantom units
CLARK ROBERT L reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
CLARK ROBERT L reported acquisition or exercise transactions in this Form 4 filing.
MINERALS TECHNOLOGIES INC director Robert L. Clark reported receiving a grant of 56.439 phantom stock units on March 6, 2026. Each phantom stock unit is the economic equivalent of one share of common stock and is accrued under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors.
These phantom stock units will be settled in cash when Clark’s service as a director ends. Following this award, he holds a total of 31,742.243 phantom stock units directly, reflecting ongoing board compensation rather than an open-market share purchase or sale.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS | 56.439 | $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
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What insider transaction did MTX director Robert L. Clark report?
What are phantom stock units in the MTX Form 4 filing?
When will Robert L. Clark’s MTX phantom stock units be paid out?
Does the MTX Form 4 show a market purchase or sale by Robert L. Clark?
How many MTX phantom stock units does Robert L. Clark hold after this grant?
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