Form 4: Minerals Technologies Inc. Executive Reports Stock Transactions
SEC Form 4
Senior Vice President Erik Aldag of Minerals Technologies Inc. reports the acquisition and disposal of company stock and deferred restricted stock units on January 24, 2025.
Summary
- Erik Aldag, a Senior Vice President at Minerals Technologies Inc., reported transactions involving the company's stock on January 24, 2025.
- He acquired 1,841 shares of common stock through the vesting of deferred restricted stock units (DRSUs).
- He disposed of 1,019 shares of common stock to cover tax obligations at a price of $75.68 per share.
- Following these transactions, Mr. Aldag directly owns 3,118 shares of common stock and indirectly owns 674.111 shares through a 401(k) plan.
- He also holds 13,345 deferred restricted stock units (DRSUs).
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative in itself.
Industry Context
This is a routine filing related to executive compensation and stock ownership, which is common for publicly traded companies.
Comparison to Industry Standards
- Executive stock transactions are a standard practice in publicly traded companies, and the reporting of these transactions via SEC Form 4 is a regulatory requirement.
- The vesting of restricted stock units and the subsequent sale of shares to cover tax obligations are common compensation practices.
- The specific details of the transactions, such as the number of shares and the price, are specific to Minerals Technologies Inc. and its compensation plans.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and stock ownership changes.
Key Dates
| Date | Description |
|---|---|
| 01/24/2023 | Date the DRSUs were granted. |
| 01/24/2024 | First vesting date of the DRSUs. |
| 01/22/2025 | Date of the Plan Statement used for 401(k) information. |
| 01/24/2025 | Date of the reported stock transactions and vesting of DRSUs. |
| 01/28/2025 | Date the Form 4 was signed. |
Keywords
stock transactions, insider trading, Form 4, Minerals Technologies Inc., equity securities, deferred restricted stock units, executive compensation
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