Minerals Technologies (NYSE: MTX) VP gains shares, some withheld for tax
Rhea-AI Filing Summary
Minerals Technologies Inc. vice president Michael Cipolla reported multiple equity award transactions in January 2026. On January 23, 2026, Deferred Restricted Stock Units (DRSUs) converted into 1,427 shares of common stock at $0, and the company withheld 774 shares at $68.77 to satisfy tax withholding obligations, leaving him with 38,897 directly held shares.
On January 26, 2026, additional DRSUs converted into 1,292 common shares at $0, and 660 shares at $68.89 were withheld for taxes, bringing his direct common stock holdings to 39,529 shares. Following these transactions, he also holds 8,623 DRSUs, and 9,802.966 shares indirectly through a 401(k) plan, with each DRSU economically equivalent to one share of common stock.
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FAQ
What insider activity did MTX vice president Michael Cipolla report?
Michael Cipolla, a vice president of Minerals Technologies Inc. (MTX), reported conversions of Deferred Restricted Stock Units (DRSUs) into common stock on January 23 and 26, 2026, along with shares withheld to cover tax obligations.
How many Minerals Technologies (MTX) shares did Michael Cipolla acquire through DRSU conversions?
On January 23, 2026, 1,427 common shares were issued upon DRSU conversion, and on January 26, 2026, an additional 1,292 common shares were issued, both at an exercise price of $0 per share.
How many MTX shares were withheld for taxes in this Form 4 filing?
The company withheld 774 common shares at $68.77 on January 23, 2026 and 660 common shares at $68.89 on January 26, 2026 to satisfy tax withholding obligations.
What are Deferred Restricted Stock Units (DRSUs) in the MTX Form 4?
The filing states that each Deferred Restricted Stock Unit (DRSU) is the economic equivalent of one share of Minerals Technologies Inc. common stock, and that the reported DRSUs vest in three equal annual installments starting in 2024 and 2025, depending on the grant date.
How many MTX shares does Michael Cipolla own after these transactions?
After the reported transactions, Michael Cipolla directly owns 39,529 shares of common stock, holds 8,623 DRSUs, and indirectly owns 9,802.966 shares through a 401(k) plan.
What is Michael Cipollas role at Minerals Technologies Inc. (MTX)?
Michael Cipolla is reported as an officer of Minerals Technologies Inc., serving as a vice president according to this insider transaction report.