PITTMAN CAROLYN K 4
Research Summary
AI-generated summary
Minerals Technologies Director Carolyn K. Pittman Receives Award
What Happened
Carolyn K. Pittman, a director of Minerals Technologies Inc. (MTX), was granted 33.087 phantom stock units on 2026-03-06 (transaction code A). The grant is recorded at $0.00 acquisition price (total reported value $0.00) and is reported as a derivative award rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-03-06; filing date: 2026-03-10 (filed within the typical 2 business‑day window).
- Award: 33.087 phantom stock units; acquisition price reported as $0.00; derivative transaction (code A).
- Shares/units owned after the transaction: Not specified in the filing.
- Footnotes: Each phantom stock unit equals the economic equivalent of one share of MTX common stock (F1). 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 upon the director’s termination of service (F2).
Context
This is a deferred compensation award for a non‑employee director (cash‑settled phantom units), not a market purchase or sale. Such grants compensate board service and do not directly signal immediate insider buying or selling of stock.