MTX (MTX) CFO Aldag exercises 2,245 DRSUs and withholds 1,356 shares for taxes
Rhea-AI Filing Summary
Minerals Technologies Inc. SVP Finance and Treasury, CFO Erik Aldag reported equity award activity involving Deferred Restricted Stock Units (DRSUs) and common stock on January 21, 2026. He converted 2,245 DRSUs, each economically equivalent to one share of common stock, into the same number of common shares at an exercise price of $0.
To cover tax withholding obligations, 1,356 common shares were withheld by Minerals Technologies Inc. at a price of $66.92 per share. Following these transactions, Aldag directly held 5,134 shares of common stock, plus 897.255 shares indirectly through a 401(k) plan, and 19,371 DRSUs remained beneficially owned.
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FAQ
What insider transaction did MTX CFO Erik Aldag report on January 21, 2026?
On January 21, 2026, MTX SVP Finance and Treasury, CFO Erik Aldag reported the conversion of 2,245 Deferred Restricted Stock Units (DRSUs) into the same number of common shares at an exercise price of $0 per share.
How many Minerals Technologies (MTX) shares were withheld for taxes in this Form 4?
The filing states that 1,356 common shares of Minerals Technologies Inc. were withheld by the company to satisfy tax withholding obligations at a price of $66.92 per share.
What are DRSUs in the context of the MTX CFO’s Form 4?
The filing explains that each Deferred Restricted Stock Unit (DRSU) is the economic equivalent of one share of Minerals Technologies Inc. common stock, and the reported transaction involved converting 2,245 DRSUs into common shares.
How many Minerals Technologies (MTX) shares does the CFO hold after the reported transactions?
After the transactions, CFO Erik Aldag beneficially owned 5,134 shares of common stock directly, plus 897.255 shares indirectly through a 401(k) plan, and 19,371 DRSUs remained beneficially owned.
What does transaction code "M" mean in this MTX Form 4?
In this Form 4, transaction code "M" is used for the exercise or conversion of derivative securities. Here, it reflects the conversion of 2,245 DRSUs into common stock on January 21, 2026 at an exercise price of $0.
Did the MTX CFO sell shares on the open market in this Form 4?
The filing indicates that 1,356 common shares were withheld by Minerals Technologies Inc. to satisfy tax withholding obligations, rather than being reported as an open-market sale. The remaining shares from the DRSU conversion increased his direct common stock holdings.
When were the DRSUs in the MTX filing originally granted and how do they vest?
The DRSUs were granted on January 21, 2025 and vest in three equal annual installments beginning on January 21, 2026, as described in the footnotes to the Form 4.