Form 4: Minerals Technologies Inc. CEO Douglas T. Dietrich Executes Stock Option Exercises and Sales
SEC Form 4 Filing
Douglas T. Dietrich, Chairman and CEO of Minerals Technologies Inc., recently exercised stock options and sold shares, as detailed in a Form 4 filing with the SEC.
Summary
- On May 28, 2024, Douglas T. Dietrich exercised options to acquire 12,010 shares of Minerals Technologies Inc. common stock at a price of $60.185 per share and sold the same amount at a weighted average price of $84.8527.
- On May 29, 2024, Dietrich exercised options to acquire 2,010 shares at $60.185 and 22,968 shares at $38.285, then sold 24,978 shares at a weighted average price of $84.1805.
- Following these transactions, Dietrich directly owns 145,547 shares of common stock and indirectly owns 4,278.493 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock option exercises and sales by the CEO.
Industry Context
This filing is a routine disclosure of insider transactions. Investors often monitor such filings to gauge management's sentiment and confidence in the company's prospects. Option exercises and sales are common for executives as part of their compensation packages.
Stakeholder Impact
- Shareholders may be interested in the CEO's transactions as an indicator of management's view of the company's value.
- The transactions themselves have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/20/2015 | Options granted on this date vested in three equal annual installments beginning on January 20, 2016. |
| 01/19/2016 | Options granted on this date vested in three equal annual installments beginning on January 19, 2017. |
| 01/20/2016 | First vesting date for options granted on January 20, 2015. |
| 01/19/2017 | First vesting date for options granted on January 19, 2016. |
| 05/28/2024 | Dietrich exercised options and sold 12,010 shares of MTX common stock. |
| 05/28/2024 | Plan Statement date for 401(k) information. |
| 05/29/2024 | Dietrich exercised options and sold 24,978 shares of MTX common stock. |
| 05/30/2024 | Date of the Form 4 filing. |
| 01/20/2025 | Expiration date for employee stock options granted on January 20, 2015. |
| 01/19/2026 | Expiration date for employee stock options granted on January 19, 2016. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.