Form 4: Minerals Technologies Inc. Executive Cipolla Reports Stock Transactions
SEC Form 4 Filing
Michael Cipolla, a Vice President at Minerals Technologies Inc., reported the acquisition and disposal of common stock and Deferred Restricted Stock Units (DRSUs) on January 24, 2025.
Summary
- On January 24, 2025, Michael Cipolla, a Vice President at Minerals Technologies Inc. (MTX), engaged in transactions involving the company's common stock and Deferred Restricted Stock Units (DRSUs).
- Cipolla acquired 1,293 shares of common stock through the vesting of DRSUs.
- He also disposed of 668 shares to satisfy tax withholding obligations at a price of $75.68 per share.
- Following these transactions, Cipolla directly owns 37,110 shares of common stock and indirectly owns 9,535.16 shares through a 401(k) plan.
- Additionally, he holds 9,190 DRSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by SEC regulations. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation activities.
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 and disposal of shares). |
| January 28, 2025 | Date of the signature on the Form 4. |
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