Minerals Technologies (MTX) CEO exercises 10,033 units, withholds shares for tax
Rhea-AI Filing Summary
Minerals Technologies Inc. chairman and CEO Douglas Dietrich reported equity compensation activity involving Deferred Restricted Stock Units and common stock. On January 21, 2026, he exercised 10,033 Deferred Restricted Stock Units (DRSUs), each economically equivalent to one share of common stock, receiving an equal number of shares at an exercise price of $0. To cover tax withholding obligations, 5,630 shares of common stock were withheld by the company at a price of $66.92 per share.
After these transactions, Dietrich directly owned 166,078 shares of Minerals Technologies common stock and held an additional 4,562.677 shares indirectly through a 401(k) plan. He also held 92,220 DRSUs directly following the reported activity, which 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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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Restricted Stock Units (DRSUs) | 10,033 | $0.00 | -- |
| Exercise | Common Stock | 10,033 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,630 | $66.92 | $377K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These shares were withheld by Minerals Technologies Inc. to satisfy tax withholding obligations. The information contained in this report is based on a Plan Statement dated as of January 21, 2026. Each DRSU is the economic equivalent of one share of Minerals Technologies Inc. Common Stock. The DRSUs were granted on January 21, 2025, and vest in three equal annual installments beginning on January 21, 2026.
FAQ
What insider activity did MTX chairman and CEO Douglas Dietrich report?
Douglas Dietrich reported exercising 10,033 Deferred Restricted Stock Units (DRSUs) into an equal number of Minerals Technologies Inc. common shares on January 21, 2026, at an exercise price of $0 per unit.
What are Deferred Restricted Stock Units (DRSUs) in the MTX Form 4 filing?
The filing states that each Deferred Restricted Stock Unit (DRSU) is the economic equivalent of one share of Minerals Technologies Inc. common stock, meaning the value tracks the company’s share price.
How many DRSUs does the MTX CEO hold after this transaction?
After exercising 10,033 DRSUs, Douglas Dietrich held 92,220 DRSUs directly, according to the reported balance of derivative securities following the transaction.
When were the DRSUs granted to the Minerals Technologies (MTX) CEO and how do they vest?
The DRSUs were granted on January 21, 2025 and vest in three equal annual installments beginning on January 21, 2026, as described in the footnotes.