Form 4: Minerals Technologies Inc. Executive Timothy Jordan Reports Stock Transactions

Minerals Technologies Inc. Vice President Timothy Jordan reports the acquisition and disposal of company stock and deferred restricted stock units on January 27, 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 27, 2025, Mr. Jordan acquired 248 shares of common stock through the vesting of DRSUs.
• Also on January 27, 2025, 127 shares were disposed of to cover tax withholding obligations at a price of $76.19 per share.
• Following these transactions, Mr. Jordan directly owns 4,529 shares of common stock and indirectly owns 2,466.908 shares through a 401(k) plan.
• Mr. Jordan also holds 11,700 DRSUs, which vest in three equal annual installments.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative in itself. It reflects standard executive compensation practices.

Industry Context

This is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.

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 is typical for executive compensation packages, often vesting over a period of years.
• The tax withholding of shares is a common practice to cover tax obligations related to equity compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates

Keywords

stock transactions, insider trading, form 4, deferred restricted stock units, DRSUs, executive compensation, equity, Minerals Technologies Inc., MTX