Form 4: Minerals Technologies Inc. Executive Reports Stock Transactions
SEC Form 4
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 several transactions involving the company's stock on January 24, 2025.
- He acquired 3,052 shares of common stock through the vesting of deferred restricted stock units (DRSUs).
- Additionally, 1,328 shares were disposed of to cover tax withholding obligations at a price of $75.68 per share.
- Following these transactions, Mr. Hastings directly owns 57,274 shares of common stock and indirectly owns 2,718.31 shares through a 401(k) plan.
- He also holds 20,443 deferred restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative for the company's outlook.
Industry Context
This is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
- The transactions reported are typical for executives receiving stock-based compensation and managing their tax obligations.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
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., MTX, deferred restricted stock units, DRSUs, executive compensation
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