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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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.
How many Minerals Technologies (MTX) shares were withheld for taxes in this Form 4?
The filing shows that 5,630 shares of Minerals Technologies common stock were withheld by the company at $66.92 per share to satisfy tax withholding obligations related to the DRSU vesting.
How many Minerals Technologies (MTX) shares does Douglas Dietrich own after the reported transactions?
Following the reported transactions, Douglas Dietrich directly owned 166,078 shares of Minerals Technologies common stock and indirectly held 4,562.677 shares through a 401(k) plan.
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.