What are the key terms of Carolyn K. Pittman's phantom stock award from Minerals Technologies Inc.?

Carolyn K. Pittman, a director at Minerals Technologies Inc. (NYSE: MTX), was awarded 99.1120 phantom stock units, each representing the economic equivalent of one share of MTX common stock; these units are settled in cash upon her termination of service and do not involve actual share issuance; this award brings her total holdings under the Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Directors to 20,749.9660 phantom stock units.

How does the phantom stock award to Carolyn K. Pittman differ from traditional stock grants?

Unlike traditional stock grants, Carolyn K. Pittman's phantom stock units are not actual shares of MTX common stock and do not confer voting rights or dividends; they are purely cash-settled upon her termination of service, meaning no physical or electronic shares are issued, and their value is tied solely to the market price of MTX stock at settlement without ownership transfer.

Director at Minerals Technologies Awarded Phantom Stock Units

Jul 2, 2026

Carolyn K. Pittman, a director at Minerals Technologies Inc., was awarded 99.1120 phantom stock units as part of her compensation package, increasing her total holdings under the Non-Funded Deferred Compensation Plan.

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