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

Minerals Technologies Inc. Vice President Timothy Jordan reports the acquisition of 2,046 shares and the disposal of 819 shares of common stock, along with the vesting of 2,046 Deferred Restricted Stock Units.

Summary

• Timothy Jordan, a Vice President at Minerals Technologies Inc., reported transactions involving the company's common stock on January 23, 2025.
• He acquired 2,046 shares of common stock through the vesting of Deferred Restricted Stock Units (DRSUs).
• He disposed of 819 shares of common stock to cover tax withholding obligations at a price of $75.65 per share.
• Following these transactions, Mr. Jordan directly owns 3,470 shares of common stock and indirectly owns 2,466.908 shares through a 401(k) plan.
• He also holds 13,865 Deferred Restricted Stock Units (DRSUs) which vest over three years.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The transactions are routine and expected, with the vesting of DRSUs being a positive event for the executive. The sale of shares for tax purposes is a normal occurrence.

Positives

• The vesting of 2,046 DRSUs indicates a positive compensation event for Mr. Jordan.
• The continued holding of a significant number of shares and DRSUs suggests confidence in the company's future.

Negatives

• The disposal of 819 shares, while for tax purposes, represents a reduction in Mr. Jordan's direct holdings.

Risks

• The sale of shares by an executive, even for tax purposes, could be perceived negatively by some investors.
• Fluctuations in the stock price could impact the value of Mr. Jordan's holdings and future vesting of DRSUs.

Industry Context

This is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into the holdings and transactions of key personnel.

Comparison to Industry Standards

• The reporting of stock transactions by company executives is a standard practice across all publicly listed companies.
• The use of DRSUs as part of executive compensation is also a common practice, aligning executive interests with shareholder value.
• The tax withholding of shares is a standard procedure when stock options or restricted stock units vest.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they are related to executive compensation and tax obligations.
• The transactions provide transparency into executive holdings, which is beneficial for stakeholders.

Key Dates

Keywords

Minerals Technologies Inc, stock transaction, insider trading, Form 4, Timothy Jordan, DRSU, executive compensation, share disposal, share acquisition