Minerals Technologies (NYSE: MTX) president exercises 3,492 units
Rhea-AI Filing Summary
Minerals Technologies Group President DJ Monagle III reported an equity award transaction involving deferred restricted stock units and common shares. On January 21, 2026, 3,492 Deferred Restricted Stock Units (DRSUs), each economically equivalent to one share of common stock, were converted into 3,492 shares of Minerals Technologies Inc. Common Stock at an exercise price of $0. The company withheld 2,036 shares at a price of $66.92 per share to satisfy tax withholding obligations, leaving Monagle with 85,805 common shares held directly and 807.854 shares held indirectly through a 401(k) plan as of that date. Following the transaction, Monagle also held 30,596 DRSUs directly. The DRSUs exercised were part of an award granted on January 21, 2025 that vests in three equal annual installments beginning on January 21, 2026.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Restricted Stock Units (DRSUs) | 3,492 | $0.00 | -- |
| Exercise | Common Stock | 3,492 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,036 | $66.92 | $136K |
| 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 executive DJ Monagle III report?
DJ Monagle III, Group President of Minerals Technologies Inc. (MTX), reported the conversion of 3,492 Deferred Restricted Stock Units (DRSUs) into an equal number of common shares on January 21, 2026, along with shares withheld for taxes.
What are DRSUs in the context of Minerals Technologies (MTX)?
Deferred Restricted Stock Units (DRSUs) are equity awards where each DRSU is the economic equivalent of one share of Minerals Technologies Inc. Common Stock, as disclosed in the footnotes.
When were the DRSUs granted and how do they vest for the MTX executive?
The DRSUs exercised in this transaction were granted on January 21, 2025 and vest in three equal annual installments beginning on January 21, 2026, according to the disclosure.
What role does DJ Monagle III hold at Minerals Technologies Inc. (MTX)?
DJ Monagle III is reported as an officer of Minerals Technologies Inc., serving in the position of Group President, based on the filing.