What is the nature of the phantom stock units granted to Minerals Technologies director Carolyn K. Pittman, and how are they settled?

The phantom stock units granted to Carolyn K. Pittman are economically tied to Minerals Technologies Inc.'s common stock but are not actual shares; instead, they are part of the company's Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors and will be settled in cash upon her departure from the board. This transaction is classified as a compensation grant—not an open-market purchase or sale—and reflects a non-equity, cash-settled incentive award designed for non-employee directors.

How many phantom stock units did Carolyn K. Pittman receive in this grant, and what is her updated total holding?

Carolyn K. Pittman was granted 31.452 phantom stock units in this transaction, increasing her total holdings to 20,650.854 units. The grant is reported as a director compensation award under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors, and no additional details about vesting, timing, or performance conditions are provided in the body.

Minerals Technologies Director Awarded New Phantom Stock Units

Jun 22, 2026

Minerals Technologies Inc. granted 31,452 phantom stock units to director Carolyn K. Pittman under its deferred compensation plan, settling in cash upon departure.

Stock Titan

Minerals Technologies Director Receives Phantom Stock Units as Deferred Cash Award

Stock Titan

2026-06-22

Minerals Technologies Director Awarded New Phantom Stock Units

2026-07-02

Director at Minerals Technologies Awarded Phantom Stock Units

2026-10-02

Minerals Technologies Director Receives Phantom Stock Units

Minerals Technologies Director Awarded New Phantom Stock Units

FAQ