Form 4: Minerals Technologies Inc. Executive Exercises Stock Options, Discloses Transactions
SEC Form 4 Filing
Group President Daniel Joseph Monagle III reports the exercise of stock options and subsequent transactions involving Minerals Technologies Inc. common stock.
Summary
- On January 24, 2025, Daniel Joseph Monagle III, Group President of Minerals Technologies Inc., executed transactions involving the company's common stock.
- Monagle exercised deferred restricted stock units (DRSUs) converting them into 3,519 shares of common stock.
- He also disposed of 1,947 shares to satisfy tax withholding obligations at a price of $75.68 per share.
- Following these transactions, Monagle directly owns 82,932 shares of common stock and indirectly owns 614.168 shares through a 401(k) plan.
- He also directly owns 24,756 Deferred Restricted Stock Units (DRSUs).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock options or restricted stock as part of their compensation. These transactions are closely watched by investors for signals about management's confidence in the company's future prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| January 24, 2023 | DRSUs were granted and vest in three equal annual installments beginning on this date. |
| January 24, 2024 | First vesting date of the DRSUs granted on January 24, 2023. |
| January 22, 2025 | Date of the Plan Statement for 401(k) holdings. |
| January 24, 2025 | Date of stock option exercise and tax withholding. |
| January 28, 2025 | Date of Form 4 filing. |
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