[Form 4] MINERALS TECHNOLOGIES INC Insider Trading Activity
Rhea-AI Filing Summary
Minerals Technologies Inc. vice president Michael Cipolla reported equity transactions involving company stock and deferred units. On January 21, 2026, 1,290 Deferred Restricted Stock Units (DRSUs), each economically equivalent to one share of common stock, were converted into 1,290 shares of common stock at $0 per share. On the same date, 731 common shares at $66.92 were withheld by Minerals Technologies Inc. to cover tax withholding obligations.
After these transactions, Cipolla directly held 38,244 shares of common stock, with an additional 9,802.966 shares held indirectly through a 401(k) plan. He also held 11,342 DRSUs directly. The DRSUs referenced in this report were originally granted on January 21, 2025 and vest in three equal annual installments beginning January 21, 2026.
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FAQ
What insider transactions did MTX vice president Michael Cipolla report on January 21, 2026?
On January 21, 2026, Michael Cipolla reported the conversion of 1,290 Deferred Restricted Stock Units (DRSUs) into 1,290 shares of Minerals Technologies Inc. common stock at $0 per share, and the withholding of 731 common shares at $66.92 by the company to satisfy tax withholding obligations.
How many Minerals Technologies (MTX) shares does Michael Cipolla hold after these Form 4 transactions?
Following the reported transactions, Michael Cipolla directly held 38,244 shares of Minerals Technologies Inc. common stock and indirectly held 9,802.966 shares through a 401(k) plan. He also beneficially owned 11,342 Deferred Restricted Stock Units (DRSUs).
What are DRSUs in the context of Minerals Technologies (MTX) and how many does Cipolla own?
For Minerals Technologies Inc., each Deferred Restricted Stock Unit (DRSU) is the economic equivalent of one share of common stock. After the January 21, 2026 transactions, Michael Cipolla beneficially owned 11,342 DRSUs directly.
Why were some Minerals Technologies (MTX) shares withheld in Michael Cipollas Form 4 filing?
The filing states that 731 shares of common stock were withheld by Minerals Technologies Inc. to satisfy tax withholding obligations related to the equity transaction on January 21, 2026.
What is Michael Cipollas role at Minerals Technologies Inc. (MTX) as shown in this Form 4?
The Form 4 identifies Michael Cipolla as an officer of Minerals Technologies Inc. with the title of Vice President, and not as a director or 10% owner.
When were the DRSUs in this Minerals Technologies (MTX) Form 4 originally granted and how do they vest?
The filing explains that the DRSUs were granted on January 21, 2025 and vest in three equal annual installments beginning on January 21, 2026.