MTX SVP converts DRSUs, covers taxes with shares
Minerals Technologies Inc. Senior Vice President Jonathan J. Hastings reported routine equity transactions involving deferred restricted stock units (DRSUs) and common stock.
Rhea-AI Filing Summary
Minerals Technologies Inc. Senior Vice President Jonathan J. Hastings reported routine equity transactions involving deferred restricted stock units (DRSUs) and common stock. On January 23, 2026, 3,113 DRSUs were converted into the same number of common shares at an exercise price of $0, and the company withheld 1,354 common shares at $68.77 per share to cover tax obligations, leaving him with 62,087 directly held shares. On January 26, 2026, a further 3,051 DRSUs were converted into common stock at $0, and 1,327 shares were withheld at $68.89 per share for taxes, resulting in 63,811 directly held shares plus 2,932.333 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Restricted Stock Units (DRSUs) | 3,051 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,051 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,327 | $68.89 | $91K |
| Exercise | Deferred Restricted Stock Units (DRSUs) | 3,113 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,113 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,354 | $68.77 | $93K |
| holding | Common Stock | -- | -- | -- |
Footnotes (5)
- F1. These shares were withheld by Minerals Technologies Inc. to satisfy tax withholding obligations.
- F2. The information contained in this report is based on a Plan Statement dated as of January 21, 2026.
- F3. Each DRSU is the economic equivalent of one share of Minerals Technologies Inc. Common Stock.
- F4. The DRSUs were granted on January 23, 2024 and vest in three equal annual installments beginning on January 23, 2025.
- F5. The DRSUs were granted on January 24, 2023 and vest in three equal annual installments beginning on January 24, 2024.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did MTX Senior Vice President Jonathan Hastings report on this Form 4?
How many Minerals Technologies (MTX) DRSUs did Jonathan Hastings convert to common stock?
What are DRSUs in the context of Minerals Technologies (MTX)?
What vesting schedules apply to the MTX DRSUs in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.