Motwani Rocky 4

What Happened

• Rocky Motwani, a director of Minerals Technologies Inc. (MTX), was credited with 10.997 phantom stock units on 2026-03-06. The units were recorded at $0.00 per unit (total $0) and are derivative awards (not actual shares delivered at grant).

Key Details

• Transaction date: 2026-03-06; Filing date: 2026-03-10 (appears timely for a Form 4 filing).
• Transaction type/code: Award/Grant (A); 10.997 units @ $0.00.
• Shares/units owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: Each phantom stock unit equals the economic equivalent of one share of MTX common stock.
  • F2: Units were accrued under the Minerals Technologies Non‑Funded Deferred Compensation and Unit Award Plan for Non‑Employee Directors and will be settled in cash when the director ends service.
• No tax withholding, 10b5-1 plan, or sale/exercise reported for this transaction.

Context

• These phantom units are deferred-compensation credits for a non-employee director and do not represent immediate stock ownership or an open-market purchase. They are typically routine director compensation and will be paid in cash upon termination of service, so they do not necessarily signal buying/selling sentiment.