Minerals Technologies (NYSE: MTX) executive converts DRSUs, withholds shares for taxes
Rhea-AI Filing Summary
Minerals Technologies Inc. Group President DJ Monagle III reported multiple equity transactions involving Deferred Restricted Stock Units (DRSUs) and common stock. On January 23, 2026, 3,795 DRSUs converted to common stock at $0, increasing his direct holdings to 89,600 shares, and 2,099 shares were withheld by the company at $68.77 per share to satisfy tax withholding obligations. On January 26, 2026, a further 3,519 DRSUs converted at $0, lifting direct holdings to 91,020 shares, with 1,947 shares withheld at $68.89 per share for taxes.
After these transactions, Monagle directly owned 89,073 shares of common stock and indirectly held 807.854 shares through a 401(k) plan. He also continued to hold 26,801 DRSUs after the January 23 conversion and 23,282 DRSUs after the January 26 conversion, each DRSU being the economic equivalent of one share of Minerals Technologies common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Restricted Stock Units (DRSUs) | 3,519 | $0.00 | -- |
| Exercise | Common Stock | 3,519 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,947 | $68.89 | $134K |
| Exercise | Deferred Restricted Stock Units (DRSUs) | 3,795 | $0.00 | -- |
| Exercise | Common Stock | 3,795 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,099 | $68.77 | $144K |
| 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 dated 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.