Form 4: Minerals Technologies Inc. CEO Douglas Dietrich Reports Stock Transactions
SEC Form 4 Filing
Douglas Dietrich, Chairman and CEO of Minerals Technologies Inc., reports the acquisition and disposal of common stock and deferred restricted stock units on January 24, 2025.
Summary
- On January 24, 2025, Douglas Dietrich, Chairman and CEO of Minerals Technologies Inc., reported transactions involving the company's stock.
- These transactions included the acquisition of 11,124 shares of common stock through the vesting of Deferred Restricted Stock Units (DRSUs).
- Additionally, 6,152 shares were disposed of to satisfy tax withholding obligations at a price of $75.68 per share.
- Following these transactions, Dietrich directly owns 155,407 shares of common stock and indirectly owns 4,339.874 shares through a 401(k) plan.
- He also directly owns 72,802 Deferred Restricted Stock Units (DRSUs).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect broader industry trends but offers insight into the executive's holdings and transactions within Minerals Technologies Inc.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| January 24, 2023 | Date the DRSUs were granted, vesting in three equal annual installments beginning January 24, 2024. |
| January 24, 2024 | First vesting date of the DRSUs. |
| January 22, 2025 | Date of the Plan Statement used for 401(k) information. |
| January 24, 2025 | Date of the reported transactions: acquisition of stock via DRSU vesting and disposal of stock for tax obligations. |
| January 28, 2025 | Date of signature on the Form 4. |
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