Minerals Technologies (NYSE: MTX) VP converts DRSUs and withholds shares for taxes
Rhea-AI Filing Summary
Minerals Technologies Inc. (MTX) vice president Timothy Jordan reported equity award activity involving deferred restricted stock units (DRSUs) and common stock. On January 23, 2026, he converted 2,046 DRSUs into the same number of common shares at an exercise price of $0, and the company withheld 1,058 shares at $68.77 per share to cover tax obligations. On January 26, 2026, he converted an additional 1,917 DRSUs into common stock at $0, with 981 shares withheld at $68.89 per share for taxes.
Following these transactions, Jordan directly held 7,279 shares of Minerals Technologies common stock and had an additional 2,678.101 shares held indirectly through a 401(k) plan. He also continued to hold 12,870 DRSUs, each economically equivalent to one share of common stock, reflecting ongoing equity-based compensation.
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FAQ
What insider activity did MTX vice president Timothy Jordan report on this Form 4?
Timothy Jordan reported conversions of deferred restricted stock units (DRSUs) into common stock on January 23, 2026 and January 26, 2026, along with related share withholdings for taxes.
How many Minerals Technologies (MTX) DRSUs did Timothy Jordan convert to common stock?
He converted 2,046 DRSUs into common stock on January 23, 2026 and 1,917 DRSUs on January 26, 2026, each on a one-for-one basis into common shares.
How many MTX shares were withheld to cover Timothy Jordans tax obligations?
Minerals Technologies withheld 1,058 shares at $68.77 per share on January 23, 2026 and 981 shares at $68.89 per share on January 26, 2026 to satisfy tax withholding obligations.
What is Timothy Jordan 19s MTX common stock ownership after these transactions?
After the reported transactions, he directly owned 7,279 shares of Minerals Technologies common stock and indirectly held 2,678.101 shares through a 401(k) plan.
How many DRSUs does Timothy Jordan still hold in Minerals Technologies (MTX)?
Following the conversions, he beneficially owned 12,870 deferred restricted stock units (DRSUs), each economically equivalent to one share of Minerals Technologies common stock.
What are DRSUs in the context of Minerals Technologies (MTX) executive compensation?
The filing states that each Deferred Restricted Stock Unit (DRSU) is the economic equivalent of one share of Minerals Technologies Inc. common stock and is granted as part of equity-based compensation that vests over time.