PITTMAN CAROLYN K 4
4 · MINERALS TECHNOLOGIES INC · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Minerals Technologies (MTX) Director Carolyn Pittman Receives Award
What Happened
Carolyn K. Pittman, a member of the board of directors of Minerals Technologies Inc. (MTX), was granted 102.373 phantom stock units on April 1, 2026. The filing lists the per‑unit price as $0.00 (award/derivative), so no cash purchase or sale occurred; the units are a form of deferred compensation rather than actual share issuance.
Key Details
- Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (timely filing).
- Grant type/code: A (award/grant of derivative security).
- Units granted: 102.373 phantom stock units @ $0.00 per unit.
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- Each phantom stock unit equals the economic equivalent of one share of MTX common stock.
- Units were accrued under the Minerals Technologies Inc. Non‑Funded Deferred Compensation and Unit Award Plan for Non‑Employee Directors and will be settled in cash when the director’s service ends.
Context
Phantom stock units are derivative, cash‑settled awards that track the value of company shares but do not transfer actual shares or cause immediate dilution. Grants to non‑employee directors are a common form of board compensation and are routine; they do not represent an open‑market buy or sell and should not be interpreted as an immediate trading signal.
Insider Transaction Report
- Award
PHANTOM STOCK UNITS
[F1][F2]2026-04-01+102.373→ 18,711.256 total→ COMMON STOCK (102.373 underlying)
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.