Form 4: Minerals Technologies Inc. Executive Brett Argirakis Reports Stock Transactions
SEC Form 4 Filing
Group President Brett Argirakis of Minerals Technologies Inc. reports the vesting and subsequent tax withholding of shares.
Summary
- On January 24, 2025, Brett Argirakis, Group President at Minerals Technologies Inc., reported transactions involving common stock and Deferred Restricted Stock Units (DRSUs).
- Argirakis acquired 2,672 shares of common stock upon the vesting of DRSUs.
- 1,163 shares were withheld by Minerals Technologies Inc. to cover tax obligations at a price of $75.68 per share.
- Following these transactions, Argirakis directly owns 26,377 shares of common stock and indirectly owns 2,640.045 shares through a 401(k).
- He also directly owns 20,671 Deferred Restricted Stock Units (DRSUs).
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices, with no indication of 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 and beneficial ownership of company stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation and tax obligations.
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: vesting of DRSUs and tax withholding. |
| January 28, 2025 | Date of signature for the Form 4 filing. |
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