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 transactions involving the company's common stock and deferred restricted stock units (DRSUs).
- On January 27, 2025, Mr. Hastings acquired 2,804 shares of common stock through the vesting of DRSUs.
- Also on January 27, 2025, 1,220 shares were disposed of to cover tax withholding obligations at a price of $76.19 per share.
- Following these transactions, Mr. Hastings directly owns 58,858 shares of common stock and indirectly owns 2,718.31 shares through a 401(k) plan.
- He also directly owns 17,639 DRSUs, which are economically equivalent to one share of common stock each.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative in itself.
Industry Context
This is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies.
Comparison to Industry Standards
- Form 4 filings are standard practice for reporting insider transactions in publicly traded companies, such as Minerals Technologies Inc.
- The vesting schedule of the DRSUs, with equal annual installments, is a common approach for executive compensation.
- The tax withholding of shares is a typical 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 was signed. |
Keywords
stock transactions, insider trading, Form 4, Minerals Technologies Inc., MTX, deferred restricted stock units, DRSUs, executive compensation
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