Minerals Technologies (NYSE: MTX) director granted new phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CLARK ROBERT L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS | 56.439 | $0.00 | -- |
Holdings After Transaction:
PHANTOM STOCK UNITS — 31,742.243 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 MTX director Robert L. Clark report?
Robert L. Clark reported an award of 56.439 phantom stock units on March 6, 2026. The grant was made under Minerals Technologies’ Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors and increased his total phantom stock units to 31,742.243.
What are phantom stock units in the MTX Form 4 filing?
The filing states each phantom stock unit is the economic equivalent of one share of Minerals Technologies common stock. These units track share value for compensation purposes but are not actual shares, and they are ultimately settled in cash rather than stock for the reporting person.
When will Robert L. Clark’s MTX phantom stock units be paid out?
According to the disclosure, the phantom stock units are to be settled in cash upon Robert L. Clark’s termination of service as a director. This means payment occurs when he ceases serving on the Minerals Technologies board, consistent with the plan’s deferred compensation design.
Does the MTX Form 4 show a market purchase or sale by Robert L. Clark?
The Form 4 reports a grant of phantom stock units, not an open-market purchase or sale of common stock. The transaction is coded as an acquisition related to compensation and is settled in cash in the future, rather than reflecting immediate trading activity in MTX shares.
How many MTX phantom stock units does Robert L. Clark hold after this grant?
Following the reported award, Robert L. Clark holds 31,742.243 phantom stock units directly. Each unit is economically equivalent to one share of Minerals Technologies common stock and is part of his non-employee director compensation, to be paid out in cash at service termination.