Form 4: Minerals Technologies Inc. Executive Timothy Jordan Reports Share Transactions
SEC Form 4
Minerals Technologies Inc. Vice President Timothy Jordan reports the acquisition and disposal of company stock and deferred restricted stock units on January 24, 2025.
Summary
- Timothy Jordan, a Vice President at Minerals Technologies Inc., reported transactions involving the company's common stock and deferred restricted stock units (DRSUs).
- On January 24, 2025, Mr. Jordan acquired 1,917 shares of common stock through the vesting of DRSUs.
- Also on January 24, 2025, 979 shares were disposed of to cover tax withholding obligations.
- Following these transactions, Mr. Jordan directly owns 4,408 shares of common stock and indirectly owns 2,466.908 shares through a 401(k) plan.
- Mr. Jordan also holds 11,948 DRSUs after the vesting of 1,917 units.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing related to executive compensation. It does not indicate any significant positive or negative sentiment, but the transactions are expected and normal.
Industry Context
This is a routine filing related to executive compensation and is typical for publicly traded companies. It provides transparency into the stock transactions of company insiders.
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, with three equal annual installments, is a common practice for executive compensation.
- The tax withholding of shares is a standard procedure to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation practices.
- The transactions do not have a direct impact on employees, customers, suppliers, or creditors.
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 and DRSU transactions. |
| 01/28/2025 | Date of the signature on the Form 4. |
Keywords
Minerals Technologies Inc, stock transaction, Form 4, insider trading, deferred restricted stock units, DRSU, executive compensation, Timothy Jordan
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