Form 4: Minerals Technologies Inc. Executive Reports Stock Transactions
SEC Form 4
A Minerals Technologies Inc. executive, Brett Argirakis, reported the acquisition and disposal of company stock and deferred restricted stock units on January 27, 2025.
Summary
- Brett Argirakis, a Group President at Minerals Technologies Inc., reported transactions involving the company's common stock and deferred restricted stock units (DRSUs).
- On January 27, 2025, Mr. Argirakis acquired 2,169 shares of common stock through the vesting of DRSUs.
- Also on January 27, 2025, 944 shares were disposed of to cover tax obligations at a price of $76.19 per share.
- Following these transactions, Mr. Argirakis directly owns 27,602 shares of common stock and indirectly owns 2,640.045 shares through a 401(k) plan.
- He also directly owns 18,502 DRSUs.
Sentiment
Score: 7
Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative. The transactions are part of standard executive compensation practices.
Industry Context
This is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- The reporting of stock transactions by executives is a standard practice across all publicly traded companies.
- The use of deferred restricted stock units (DRSUs) as part of executive compensation is also a common practice.
- The tax withholding of shares is a standard procedure when stock options or restricted stock units vest.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/25/2022 | Date the DRSUs were granted. |
| 01/25/2023 | First vesting date 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, executive compensation, deferred restricted stock units, Minerals Technologies Inc., MTX
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