Minerals Technologies (MTX) SVP nets shares after DRSU vesting
Rhea-AI Filing Summary
Minerals Technologies Inc. Senior Vice President Jonathan J. Hastings reported equity compensation activity involving Deferred Restricted Stock Units (DRSUs) and common stock. On January 21, 2026, 2,788 DRSUs were converted into the same number of common shares at an exercise price of $0 per share. To cover tax withholding obligations, 1,318 of these shares were withheld by Minerals Technologies Inc. at $66.92 per share.
After these transactions, Hastings directly beneficially owned 60,328 shares of common stock and held an additional 2,932.333 shares indirectly through a 401(k) plan. He also beneficially owned 14,851 DRSUs, each economically equivalent to one share of Minerals Technologies Inc. common stock.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Restricted Stock Units (DRSUs) | 2,788 | $0.00 | -- |
| Exercise | Common Stock | 2,788 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,318 | $66.92 | $88K |
| 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 Senior Vice President Jonathan Hastings report?
Jonathan J. Hastings reported the conversion of 2,788 Deferred Restricted Stock Units (DRSUs) into an equal number of Minerals Technologies Inc. common shares on January 21, 2026, at an exercise price of $0 per share.
What are Jonathan Hastings’ MTX common stock holdings after the reported transactions?
Following the reported transactions, Jonathan J. Hastings directly beneficially owned 60,328 shares of Minerals Technologies Inc. common stock and held 2,932.333 shares indirectly through a 401(k) plan.
How many Deferred Restricted Stock Units does the MTX executive still hold?
After the reported DRSU conversion, Jonathan J. Hastings beneficially owned 14,851 Deferred Restricted Stock Units (DRSUs), each economically equivalent to one share of Minerals Technologies Inc. common stock.
When were the reported DRSUs originally granted and how do they vest?
The DRSUs were granted on January 21, 2025 and vest in three equal annual installments beginning on January 21, 2026, according to the footnote disclosure.
What is the role of Jonathan Hastings at Minerals Technologies Inc. (MTX)?
Jonathan J. Hastings is identified as an officer of Minerals Technologies Inc., serving as Senior Vice President, and filed this Form 4 as a single reporting person.