Minerals Technologies (MTX) VP equity vests as 1,193 units convert and 583 shares withheld for taxes
Rhea-AI Filing Summary
Minerals Technologies Inc. executive Erin Cutler, VP of Human Resources, reported an equity award vesting and related tax withholding. On January 21, 2026, 1,193 Deferred Restricted Stock Units (DRSUs), each equal to one share of common stock, were converted into 1,193 shares of Minerals Technologies common stock at an exercise price of $0. As part of the same event, 583 shares of common stock were withheld by the company at $66.92 per share to cover tax obligations, rather than being sold on the open market.
After these transactions, Cutler directly owned 6,391 shares of common stock and 10,589 DRSUs, with an additional 1,697.399 shares held indirectly through a 401(k) plan as of January 21, 2026.
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FAQ
What insider transaction did MTX executive Erin Cutler report on January 21, 2026?
Erin Cutler reported the conversion of 1,193 Deferred Restricted Stock Units (DRSUs) into 1,193 shares of Minerals Technologies common stock at an exercise price of $0, along with related tax withholding.
How many Minerals Technologies (MTX) shares were withheld for taxes in this Form 4?
The report shows that 583 shares of common stock were withheld by Minerals Technologies Inc. at a price of $66.92 per share to satisfy tax withholding obligations.
How many MTX shares does Erin Cutler own directly after the reported transactions?
Following the January 21, 2026 transactions, Erin Cutler directly owned 6,391 shares of Minerals Technologies common stock.
What are DRSUs in the context of Minerals Technologies (MTX) equity awards?
Each Deferred Restricted Stock Unit (DRSU) reported is the economic equivalent of one share of Minerals Technologies Inc. common stock, granted as part of equity compensation.
What was the vesting schedule for the DRSUs reported by Erin Cutler at MTX?
The DRSUs were granted on January 21, 2025 and vest in three equal annual installments beginning on January 21, 2026, according to the report.
Does Erin Cutler hold any Minerals Technologies (MTX) shares through a retirement plan?
Yes. The filing shows an indirect holding of 1,697.399 shares of Minerals Technologies common stock through a 401(k) plan as of January 21, 2026.