Form 4: Minerals Technologies Inc. Executive Erin Cutler Reports Stock Transactions
SEC Form 4
Erin Cutler, VP of Human Resources at Minerals Technologies Inc., reported the acquisition and disposal of company stock and deferred restricted stock units on January 27, 2025.
Summary
- Erin Cutler, VP of Human Resources at Minerals Technologies Inc., reported transactions involving company stock and deferred restricted stock units (DRSUs).
- On January 27, 2025, Ms. Cutler acquired 906 shares of common stock through the vesting of DRSUs.
- Also on January 27, 2025, 395 shares were disposed of to cover tax obligations at a price of $76.19 per share.
- Following these transactions, Ms. Cutler directly owns 5,781 shares of common stock and indirectly owns 1,491.505 shares through a 401(k) plan.
- She also directly owns 7,325 DRSUs, which are economically equivalent to shares of common stock.
Sentiment
Score: 7
Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative. The sentiment is neutral to slightly positive as it indicates the executive's continued stake in the company.
Industry Context
This is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies.
- The reporting of these transactions via SEC Form 4 is a standard practice to ensure transparency and prevent insider trading.
- The vesting schedule of the DRSUs is typical for executive compensation packages.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are routine and do not indicate a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 01/25/2022 | Date the DRSUs were granted. |
| 01/25/2023 | Start date of the three equal annual installments for vesting of the DRSUs. |
| 01/22/2025 | Date of the Plan Statement used for 401(k) information. |
| 01/27/2025 | Date of the reported stock and DRSU transactions. |
| 01/29/2025 | Date the Form 4 was signed. |
Keywords
stock transactions, insider trading, Form 4, deferred restricted stock units, DRSUs, executive compensation, Minerals Technologies Inc., MTX
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.