Minerals Technologies (NYSE: MTX) VP awarded new DRSUs and options
Rhea-AI Filing Summary
Minerals Technologies Inc. vice president Timothy Jordan reported equity awards granted on January 20, 2026. He received 7,030 Deferred Restricted Stock Units (DRSUs), each economically equivalent to one share of Minerals Technologies common stock, and 6,038 employee stock options with an exercise price of $66.23 per share.
The DRSUs and options both vest in three equal annual installments beginning on January 20, 2027. After these grants, Jordan beneficially owned 18,730 DRSUs and 6,038 stock options, all held directly. These awards are a form of equity-based compensation that ties a portion of his pay to the company’s future share performance over the multi-year vesting period.
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FAQ
What insider transaction did MTX report for Timothy Jordan on January 20, 2026?
Minerals Technologies Inc. reported that vice president Timothy Jordan received equity awards on January 20, 2026, consisting of Deferred Restricted Stock Units (DRSUs) and employee stock options as part of his compensation.
How many Deferred Restricted Stock Units did the MTX vice president receive?
Timothy Jordan received 7,030 Deferred Restricted Stock Units (DRSUs). Each DRSU is the economic equivalent of one share of Minerals Technologies Inc. common stock.
What stock options were granted to the MTX vice president and at what exercise price?
Jordan was granted 6,038 employee stock options, each giving the right to buy Minerals Technologies Inc. common stock at an exercise price of $66.23 per share.
When do Timothy Jordan’s MTX DRSUs and options begin vesting and over what period?
The DRSUs granted to Timothy Jordan on January 20, 2026 vest in three equal annual installments beginning on January 20, 2027. The stock options granted on the same date also vest in three equal annual installments beginning on January 20, 2027.
How many derivative securities does Timothy Jordan own after the reported MTX transactions?
Following the reported transactions, Timothy Jordan beneficially owned 18,730 DRSUs and 6,038 stock options, all held directly according to the filing.
Are the MTX DRSUs equivalent to common stock for Timothy Jordan?
Yes. The filing states that each DRSU is the economic equivalent of one share of Minerals Technologies Inc. common stock, meaning their value is designed to track the value of a common share.