Minerals Technologies (NYSE: MTX) CEO settles DRSUs, withholds shares for tax
Rhea-AI Filing Summary
Minerals Technologies Inc. (MTX) chairman and CEO Douglas Dietrich reported the vesting and settlement of deferred restricted stock units (DRSUs) into common stock and related tax withholding. On January 23, 2026, 11,016 DRSUs converted into 11,016 shares of common stock at $0 per share, and the company withheld 6,092 shares to satisfy tax obligations at $68.77 per share. On January 26, 2026, a further 11,123 DRSUs converted into 11,123 shares, with 6,152 shares withheld for taxes at $68.89 per share. After these transactions, Dietrich directly held 175,973 shares of common stock, 70,081 DRSUs, and 4,562.677 shares indirectly through a 401(k) plan.
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FAQ
What insider transactions did MTX CEO Douglas Dietrich report on this Form 4?
Douglas Dietrich reported the conversion of 22,139 Deferred Restricted Stock Units (DRSUs) into the same number of Minerals Technologies common shares on January 23 and 26, 2026, along with shares withheld to cover tax obligations.
How many Minerals Technologies (MTX) shares were withheld for taxes in this Form 4?
Minerals Technologies withheld 6,092 shares on January 23, 2026, and 6,152 shares on January 26, 2026, to satisfy tax withholding obligations related to the DRSU vesting.
How many MTX shares does Douglas Dietrich own after these transactions?
Following the reported transactions, Douglas Dietrich directly owned 175,973 shares of Minerals Technologies common stock and indirectly held 4,562.677 shares through a 401(k) plan.
What are DRSUs in the context of Minerals Technologies (MTX) insider filings?
At Minerals Technologies, each Deferred Restricted Stock Unit (DRSU) is the economic equivalent of one share of common stock and converts into shares as it vests according to the grant schedule.
When were the DRSUs that vested in January 2026 originally granted to the MTX CEO?
The DRSUs converting on January 23, 2026 were granted on January 23, 2024, while the DRSUs converting on January 26, 2026 were granted on January 24, 2023, each vesting in three equal annual installments.
Does Douglas Dietrich still hold unvested or deferred equity in MTX after these transactions?
Yes. After the January 2026 conversions, he continued to hold 70,081 DRSUs, representing additional deferred equity tied to Minerals Technologies common stock.