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Director Pittman (NYSE: MTX) awarded 1,908 phantom stock units as pay

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Minerals Technologies Inc. director Carolyn K. Pittman acquired 1,908.146 phantom stock units as a compensation award. Each unit is the economic equivalent of one share of common stock but will be settled in cash, not stock, under the company’s deferred compensation plan. Following this grant, she holds 20,619.402 phantom stock units in total, all reflecting deferred, cash-settled director compensation rather than open-market share purchases or sales.

Positive

  • None.

Negative

  • None.
Insider PITTMAN CAROLYN K
Role null
Type Security Shares Price Value
Grant/Award PHANTOM STOCK UNITS 1,908.146 $0.00 --
Holdings After Transaction: PHANTOM STOCK UNITS — 20,619.402 shares (Direct, null)
Footnotes (1)
  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.
Phantom stock units granted 1,908.146 units Award to director on 2026-05-20
Phantom units after transaction 20,619.402 units Total phantom stock units held after award
Grant price per unit $0.0000 Stated price for phantom stock unit award
Underlying common stock equivalence 1 unit = 1 share Each phantom unit equals one MTX common share economically
PHANTOM STOCK UNITS financial
"Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. Common Stock."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors financial
"The phantom stock units were accrued under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors"
economic equivalent financial
"Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. Common Stock."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
PITTMAN CAROLYN K
(Last)(First)(Middle)
622 THIRD AVE.
38TH FLOOR
(Street)
NEW YORK NEW YORK 10017-6707
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
MINERALS TECHNOLOGIES INC [ MTX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
PHANTOM STOCK UNITS(1)05/20/2026A1,908.146 (2) (2)COMMON STOCK1,908.146$020,619.402D
Explanation of Responses:
1. Each phantom stock unit is the economic equivalent of one share of Minerals Technologies Inc. Common Stock.
2. 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.
TIMOTHY JORDAN FOR CAROLYN PITTMAN05/21/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Minerals Technologies (MTX) director Carolyn Pittman report on this Form 4?

Director Carolyn K. Pittman reported receiving 1,908.146 phantom stock units as a compensation award. These units track Minerals Technologies common stock value but are part of a deferred compensation plan and will be settled in cash at the end of her board service.

Are the Minerals Technologies (MTX) phantom stock units actual shares of stock?

The phantom stock units are not actual shares of stock. Each unit is economically equivalent to one share of Minerals Technologies common stock but will be settled in cash, providing value based on the share price without issuing additional shares.

How many phantom stock units does Carolyn Pittman hold after this MTX transaction?

After this transaction, Carolyn K. Pittman holds 20,619.402 phantom stock units. This total includes the newly awarded 1,908.146 units and represents her accumulated balance under the company’s deferred compensation and unit award plan for non-employee directors.

Was this Minerals Technologies (MTX) Form 4 a market buy or sell by the director?

This Form 4 does not report a market buy or sell. It records a grant of 1,908.146 phantom stock units as director compensation, awarded at a stated price of $0.0000 per unit under a non-funded deferred compensation plan.

When will the MTX phantom stock units reported by Carolyn Pittman be paid out?

The phantom stock units will be settled in cash upon Carolyn K. Pittman’s termination of service as a director. Until then, they function as deferred compensation whose value is tied to Minerals Technologies’ common stock performance over time.