Form 4: Minerals Technologies Inc. Executive Cipolla Exercises Stock Options and Sells Shares
SEC Form 4 Filing
Michael Cipolla, a Vice President at Minerals Technologies Inc., executed stock options and sold shares on May 28, 2024, according to a recent SEC filing.
Summary
- On May 28, 2024, Michael Cipolla, a Vice President at Minerals Technologies Inc., engaged in transactions involving the company's stock.
- Cipolla exercised employee stock options to acquire 4,556 shares at $60.185 and 7,402 shares at $38.285.
- He then sold 11,958 shares at a weighted average price of $84.357, with prices ranging from $84.05 to $84.84.
- Following these transactions, Cipolla directly owns 35,864 shares and indirectly owns 9,473.813 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment. It's a factual report of an executive's trading activity.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. Monitoring these transactions can provide insights into an executive's perspective on the company's performance and future prospects. However, these transactions can be for a variety of reasons including diversification, tax planning, and personal financial needs.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 01/20/2015 | Date employee stock options were granted, vesting in three equal annual installments beginning on January 20, 2016. |
| 01/19/2016 | Date employee stock options were granted, vesting in three equal annual installments beginning on January 19, 2017. |
| 05/28/2024 | Date of the reported transactions: exercising stock options and selling shares. |
| 05/29/2024 | Date of the Plan Statement used for 401(k) information. |
| 05/30/2024 | Date of the signature on the Form 4 filing. |
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.