Minerals Technologies (NYSE: MTX) executive exercises DRSUs, covers taxes
Rhea-AI Filing Summary
Minerals Technologies Inc. Group President Brett Argirakis reported multiple equity-related transactions in company stock. On January 23, 2026, deferred restricted stock units (DRSUs) representing 3,247 shares of common stock were converted at $0 per share, and the company withheld 1,413 shares at $68.77 to satisfy tax obligations, leaving 31,091 directly held shares. On January 26, 2026, a further 2,672 DRSUs converted at $0 per share, with 1,163 shares withheld at $68.89 for taxes, resulting in 32,600 directly held shares.
In addition, Argirakis holds 2,850.7 shares of common stock indirectly through a 401(k) plan as of a plan statement dated January 21, 2026. Each DRSU is the economic equivalent of one share of Minerals Technologies common stock and reflects prior grants that vest in three equal annual installments.
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FAQ
What insider transactions did MTX executive Brett Argirakis report?
Group President Brett Argirakis reported the conversion of deferred restricted stock units (DRSUs) into common stock on January 23, 2026 and January 26, 2026, along with related share withholdings for taxes.
How many Minerals Technologies (MTX) DRSUs did Argirakis convert?
Argirakis converted 3,247 DRSUs into common stock on January 23, 2026 and 2,672 DRSUs on January 26, 2026, each at an exercise price of $0 per unit.
Were any Minerals Technologies (MTX) shares sold for cash in this Form 4?
The Form 4 shows shares of common stock withheld by Minerals Technologies to cover tax withholding obligations at $68.77 and $68.89 per share, rather than open-market sales by Argirakis.
How many MTX shares does Brett Argirakis hold after these transactions?
After the reported transactions, Argirakis holds 32,600 shares of Minerals Technologies common stock directly and 2,850.7 shares indirectly through a 401(k) plan, based on a plan statement as of January 21, 2026.
What are Minerals Technologies (MTX) Deferred Restricted Stock Units (DRSUs)?
Each DRSU is the economic equivalent of one share of Minerals Technologies common stock. The disclosed DRSU grants vest in three equal annual installments starting in January 2024 and January 2025, respectively.
What was the purpose of the MTX share withholdings noted in the Form 4?
The filing states that certain shares of common stock were withheld by Minerals Technologies Inc. to satisfy tax withholding obligations arising from the DRSU conversions.