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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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.
How many Minerals Technologies (MTX) shares were involved in the January 23, 2026 transactions?
On January 23, 2026, 1,276 DRSUs were converted into common stock at $0 per unit, and 608 common shares were withheld at
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
How many Minerals Technologies (MTX) shares does Erin Cutler hold after these transactions?
After the reported transactions, Erin Cutler directly holds 7,734 shares of MTX common stock and indirectly holds 1,697.399 shares through a 401(k) plan, in addition to remaining DRSUs.
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
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.