Minerals Technologies (NYSE: MTX) SVP converts DRSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
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
6,164 shares exercised/converted
Mixed
7 txns
Insider
Hastings Jonathan J
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Restricted Stock Units (DRSUs) | 3,051 | $0.00 | -- |
| Exercise | Common Stock | 3,051 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,327 | $68.89 | $91K |
| Exercise | Deferred Restricted Stock Units (DRSUs) | 3,113 | $0.00 | -- |
| Exercise | Common Stock | 3,113 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,354 | $68.77 | $93K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Deferred Restricted Stock Units (DRSUs) — 8,687 shares (Direct);
Common Stock — 65,138 shares (Direct);
Common Stock — 2,932.333 shares (Indirect, By 401(k))
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 23, 2024 and vest in three equal annual installments beginning on January 23, 2025. The DRSUs were granted on January 24, 2023 and vest in three equal annual installments beginning on January 24, 2024.
FAQ
What insider activity did MTX Senior Vice President Jonathan Hastings report on this Form 4?
Jonathan J. Hastings 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 to satisfy tax obligations.
How many Minerals Technologies (MTX) DRSUs did Jonathan Hastings convert to common stock?
Hastings converted 3,113 DRSUs into common stock on January 23, 2026 and 3,051 DRSUs on January 26, 2026, each at an exercise price of $0 per unit, with each DRSU economically equivalent to one share of common stock.
What are DRSUs in the context of Minerals Technologies (MTX)?
For this filing, each Deferred Restricted Stock Unit (DRSU) is stated to be the economic equivalent of one share of Minerals Technologies Inc. common stock, granted under equity compensation awards that vest over time.
What vesting schedules apply to the MTX DRSUs in this Form 4?
One DRSU grant was made on January 23, 2024 and vests in three equal annual installments beginning January 23, 2025. Another was granted on January 24, 2023 and vests in three equal annual installments beginning January 24, 2024.