Minerals Technologies (MTX) Group President vests 3,112 DRSUs, with 1,457 shares withheld for taxes
Rhea-AI Filing Summary
Minerals Technologies Inc. executive Brett Argirakis reported equity compensation activity involving company stock. On January 21, 2026, 3,112 Deferred Restricted Stock Units (DRSUs), each equal to one share of common stock, were converted into 3,112 shares of Minerals Technologies common stock at an exercise price of $0. To cover tax withholding obligations related to this vesting, the company withheld 1,457 shares of common stock at a price of $66.92 per share, rather than these shares being sold in the open market.
After these transactions, Argirakis beneficially owned 29,257 shares of common stock directly and 2,850.7 shares indirectly through a 401(k) plan, along with 27,491 DRSUs that remain outstanding. The DRSUs involved in this transaction were part of an award granted on January 21, 2025 that vests in three equal annual installments beginning January 21, 2026.
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FAQ
What insider transaction did MTX executive Brett Argirakis report on January 21, 2026?
On January 21, 2026, Group President Brett Argirakis reported the conversion of 3,112 Deferred Restricted Stock Units (DRSUs) into an equal number of Minerals Technologies Inc. common shares at an exercise price of $0 per share.
How many Minerals Technologies (MTX) shares were withheld for taxes in this Form 4?
The company withheld 1,457 shares of Minerals Technologies common stock at $66.92 per share to satisfy tax withholding obligations related to the vesting of equity awards, rather than these shares being sold by the executive on the open market.
How many MTX shares does Brett Argirakis own after the reported Form 4 transactions?
Following the reported transactions, Brett Argirakis beneficially owned 29,257 shares of Minerals Technologies common stock directly and 2,850.7 shares indirectly through a 401(k) plan, as disclosed in the filing.
What Deferred Restricted Stock Units (DRSUs) does the MTX Form 4 say remain outstanding for Brett Argirakis?
After the conversion of 3,112 DRSUs into common stock, the Form 4 indicates that 27,491 DRSUs remain beneficially owned directly by Brett Argirakis. Each DRSU is described as the economic equivalent of one share of Minerals Technologies common stock.
When were the DRSUs reported in this MTX Form 4 originally granted and how do they vest?
The filing notes that the DRSUs were granted on January 21, 2025 and that they vest in three equal annual installments, with vesting beginning on January 21, 2026. The January 21, 2026 transaction reflects one of these vesting installments.
What is the role of Brett Argirakis at Minerals Technologies Inc. according to the Form 4?
The Form 4 identifies ARGIRAKIS BRETT as an officer of Minerals Technologies Inc. with the title Group President, and indicates the filing is made by one reporting person.