Minerals Technologies (NYSE: MTX) VP HR settles DRSUs and tax withholding
Rhea-AI Filing Summary
Minerals Technologies Inc. VP of Human Resources Erin Cutler reported equity award activity involving deferred restricted stock units (DRSUs) and company stock. On January 23, 2026, 1,276 DRSUs were converted to common stock at an exercise price of $0, with 608 shares withheld at $68.77 per share to cover tax obligations, leaving 7,059 common shares held directly. On January 26, 2026, a further 1,195 DRSUs converted at $0, with 520 shares withheld at $68.89 per share for taxes, resulting in 7,734 common shares held directly. Cutler also holds 1,697.399 shares indirectly through a 401(k) plan and continues to hold DRSUs that are each economically equivalent to one share of common stock, granted in 2023 and 2024 and vesting in three annual installments.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Restricted Stock Units (DRSUs) | 1,195 | $0.00 | -- |
| Exercise | Common Stock | 1,195 | $0.00 | -- |
| Tax Withholding | Common Stock | 520 | $68.89 | $36K |
| Exercise | Deferred Restricted Stock Units (DRSUs) | 1,276 | $0.00 | -- |
| Exercise | Common Stock | 1,276 | $0.00 | -- |
| Tax Withholding | Common Stock | 608 | $68.77 | $42K |
| 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 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 23, 2024 and vest in three equal annual installments beginning on January 23, 2025. The DRSUs were granted on January 24, 2023 and vest in three equal annual installments beginning on January 24, 2024.
FAQ
What insider transactions did MTX VP of Human Resources Erin Cutler report?
Erin Cutler reported the conversion of DRSUs into common stock on January 23 and January 26, 2026, along with related share withholding to cover tax obligations.
What happened in the January 26, 2026 insider transactions for MTX?
On January 26, 2026, 1,195 DRSUs were converted into common stock at $0, and 520 common shares were withheld at $68.89 per share to cover tax withholding obligations.
What are Deferred Restricted Stock Units (DRSUs) at Minerals Technologies (MTX)?
Each Deferred Restricted Stock Unit (DRSU) is disclosed as the economic equivalent of one share of Minerals Technologies Inc. common stock and can convert into shares according to its vesting schedule.
When were the DRSUs involved in these MTX transactions originally granted and how do they vest?
One DRSU grant was made on January 23, 2024 and vests in three equal annual installments beginning January 23, 2025. Another was granted on January 24, 2023 and vests in three equal annual installments beginning January 24, 2024.
Were the MTX insider transactions open-market sales by Erin Cutler?
No. The filing states that the shares marked with footnote (1) were withheld by Minerals Technologies Inc. to satisfy tax withholding obligations, rather than discretionary open-market sales.