MINERALS TECHNOLOGIES INC·4

May 21, 3:53 PM ET

JOHNSON KRISTINA M 4

Research Summary

AI-generated summary

Updated

Minerals Technologies (MTX) Director Kristina M. Johnson Receives 1,908 Phantom Units

What Happened

  • Kristina M. Johnson, a director of Minerals Technologies Inc. (MTX), received 1,908.146 phantom stock units on May 20, 2026. The reported acquisition is recorded at $0.00 per unit (derivative award) and no immediate cash changed hands. These are awards under the company’s non‑employee director deferred compensation plan and will be settled in cash when she terminates service as a director.

Key Details

  • Transaction date: 2026-05-20
  • Transaction type/code: Grant/Award (Form 4 code A) — derivative phantom stock units
  • Units granted: 1,908.146 phantom stock units; reported price: $0.00; total reported value: $0
  • Settlement: Phantom units are the economic equivalent of one share each (F1) and will be paid in cash upon the reporting person’s termination of service under the Non‑Funded Deferred Compensation and Unit Award Plan for Non‑Employee Directors (F2)
  • Shares owned after transaction: Not specified in the filing
  • Filing timeliness: Form 4 was filed on 2026-05-21 for a 2026-05-20 transaction — appears timely (filed next business day)

Context

  • This is a compensation award to a non‑employee director, a routine practice to align directors’ interests with shareholders. It is a derivative, cash‑settled award rather than an open‑market purchase or sale, so it does not directly indicate buying or selling sentiment.