Minerals Technologies (NYSE: MTX) VP exercises 1,897 DRSUs
Rhea-AI Filing Summary
Minerals Technologies Inc. vice president Timothy Jordan reported equity compensation activity involving Deferred Restricted Stock Units (DRSUs) and common stock. On January 21, 2026, 1,897 DRSUs were converted into 1,897 shares of common stock at an exercise price of $0. To cover tax withholding obligations, the company withheld 1,071 common shares at a price of $66.92 per share, rather than Jordan selling shares in the open market.
After these transactions, Jordan directly held 5,355 shares of Minerals Technologies common stock and indirectly held 2,678.101 shares through a 401(k) plan. He also continued to hold 16,833 DRSUs, each economically equivalent to one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Restricted Stock Units (DRSUs) | 1,897 | $0.00 | -- |
| Exercise | Common Stock | 1,897 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,071 | $66.92 | $72K |
| 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 21, 2025, and vest in three equal annual installments beginning on January 21, 2026.
FAQ
What insider transaction did MTX vice president Timothy Jordan report?
Timothy Jordan reported converting 1,897 Deferred Restricted Stock Units (DRSUs) into 1,897 shares of Minerals Technologies Inc. common stock on January 21, 2026.
What are Deferred Restricted Stock Units (DRSUs) in the MTX Form 4?
Each DRSU reported is the economic equivalent of one share of Minerals Technologies Inc. common stock. On January 21, 2026, 1,897 DRSUs were converted into the same number of common shares.
How many DRSUs does the MTX vice president still hold after this Form 4 event?
Following the conversion, Timothy Jordan beneficially owned 16,833 DRSUs, which remain outstanding and are economically equivalent to the same number of common shares.