Minerals Technologies director granted phantom stock units
Minerals Technologies Inc. director Carolyn K. Pittman acquired 1,908.146 phantom stock units as a compensation award.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PHANTOM STOCK UNITS | 1,908.146 | $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.
Key Figures
Key Terms
PHANTOM STOCK UNITS financial
Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors financial
economic equivalent financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Minerals Technologies (MTX) director Carolyn Pittman report on this Form 4?
How many phantom stock units does Carolyn Pittman hold after this MTX transaction?
Was this Minerals Technologies (MTX) Form 4 a market buy or sell by the director?
When will the MTX phantom stock units reported by Carolyn Pittman be paid out?
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