Form 4: Minerals Technologies Inc. Executive Jonathan J. Hastings Reports Stock Transactions
SEC Form 4
Senior Vice President Jonathan J. Hastings of Minerals Technologies Inc. reports the exercise of stock options and sale of common stock on June 12, 2024.
Summary
- On June 12, 2024, Jonathan J. Hastings, a Senior Vice President at Minerals Technologies Inc., engaged in multiple transactions involving the company's common stock.
- Hastings exercised employee stock options to acquire 4,344 shares at $54.435 and 4,620 shares at $57.665.
- He then sold 8,164 shares at a weighted average price of $85.3435 and 800 shares at a weighted average price of $86.1688.
- Following these transactions, Hastings directly owns 53,862 shares of common stock and indirectly owns 2,668.94 shares through a 401(k) plan.
- He also holds options to purchase 10,792 and 10,751 shares of common stock at exercise prices of $54.435 and $57.665, respectively.
Sentiment
Score: 5
Explanation: This is a neutral report on insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 01/22/2019 | Options granted on this date vested in three equal annual installments beginning on January 22, 2020. |
| 01/21/2020 | Options granted on this date vested in three equal annual installments beginning on January 21, 2021. |
| 01/22/2020 | First vesting date for options granted on January 22, 2019. |
| 01/21/2021 | First vesting date for options granted on January 21, 2020. |
| 01/22/2029 | Expiration date for options granted on January 22, 2019. |
| 01/21/2030 | Expiration date for options granted on January 21, 2020. |
| 06/12/2024 | Date of stock option exercise and stock sale transactions. |
| 06/12/2024 | Date of Plan Statement. |
| 06/14/2024 | Date of report. |
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