What type of award did Minerals Technologies director Robert L. Clark receive, and how is it settled?

Robert L. Clark, a director of Minerals Technologies Inc., was granted 51.329 phantom stock units under the company’s Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors; these units are economically equivalent to common stock shares but will be settled in cash upon his termination of service as a director.

How many phantom stock units does Robert L. Clark now hold in total, and what is the nature of this transaction?

Following this award, Robert L. Clark’s total phantom stock unit holdings amount to 33,701.718; this transaction is a compensation award and not an open-market purchase or sale of actual shares.

Minerals Technologies (MTX) Director Adds Phantom Stock Units in Cash-Settled Award

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Minerals Technologies Inc. director Robert L. Clark received 51,329 phantom stock units, increasing his total holdings to 33,701.718, with cash settlement upon termination.

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