Form 4: Minerals Technologies Inc. Executive Reports Stock Transactions
SEC Form 4 Filing
A Minerals Technologies Inc. executive, Daniel Joseph Monagle III, reported the acquisition and disposal of company stock and deferred restricted stock units on January 27, 2025.
Summary
- Daniel Joseph Monagle III, 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. Monagle acquired 3,172 shares of common stock through the vesting of DRSUs.
- Also on January 27, 2025, 1,755 shares were disposed of to cover tax withholding obligations at a price of $76.19 per share.
- Following these transactions, Mr. Monagle directly owns 84,349 shares of common stock and indirectly owns 614.168 shares through a 401(k) plan.
- He also directly owns 21,584 DRSUs, which are economically equivalent to shares of common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by an executive, which is neither positive nor negative for the company's overall performance.
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
- Executive stock transactions are a standard practice across publicly traded companies.
- The reporting of these transactions via SEC Form 4 is a regulatory requirement.
- The vesting schedule of the DRSUs is typical for executive compensation packages.
- The tax withholding process is also a standard procedure when stock options or restricted stock units vest.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are part of standard executive compensation practices.
- The tax withholding process ensures compliance with tax regulations.
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, executive compensation, deferred restricted stock units, DRSUs, common stock, Minerals Technologies Inc., MTX
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