Form 4: Minerals Technologies Inc. Executive Reports Stock Transactions

Senior Vice President Jonathan J. Hastings of Minerals Technologies Inc. reports the acquisition and disposal of company stock and deferred restricted stock units.

Summary

• Jonathan J. Hastings, a Senior Vice President at Minerals Technologies Inc., reported transactions involving the company's common stock and deferred restricted stock units (DRSUs).
• On January 23, 2025, Mr. Hastings acquired 3,113 shares of common stock through the vesting of DRSUs.
• Also on January 23, 2025, 1,425 shares were disposed of to cover tax withholding obligations at a price of $75.65 per share.
• Following these transactions, Mr. Hastings directly owns 55,550 shares of common stock and indirectly owns 2,718.31 shares through a 401(k) plan.
• He also holds 23,495 DRSUs, which vest in three equal annual installments starting January 23, 2025.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative in itself.

Future Outlook

The remaining DRSUs will vest in two further equal annual installments.

Industry Context

This is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The vesting schedule of the DRSUs is typical for executive compensation packages.
• The tax withholding process is a common practice when stock options or restricted stock units vest.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they represent a small portion of the total outstanding shares.
• The tax withholding obligations are a standard part of executive compensation.

Key Dates

Keywords

stock transactions, insider trading, Form 4, deferred restricted stock units, DRSUs, executive compensation, Minerals Technologies Inc., MTX