Form 4: Minerals Technologies VP Converts DRSUs, Sells Shares for Tax

Minerals Technologies Inc. Vice President Timothy Jordan converted 1,897 Deferred Restricted Stock Units into common stock and subsequently sold 1,071 shares to cover tax obligations.

Summary

• Timothy Jordan, Vice President of Minerals Technologies Inc. (MTX), reported changes in his beneficial ownership.
• On January 21, 2026, Jordan converted 1,897 Deferred Restricted Stock Units (DRSUs) into an equal number of common stock shares.
• Concurrently, 1,071 shares of common stock were withheld by Minerals Technologies Inc. at a price of $66.92 per share to satisfy tax withholding obligations related to the vesting event.
• Following these transactions, Jordan directly owns 5,355 shares of common stock and indirectly owns 2,678.101 shares through a 401(k) plan.
• He also directly holds 16,833 Deferred Restricted Stock Units.
• The DRSUs were granted on January 21, 2025, and vest in three equal annual installments, with the first installment vesting on January 21, 2026.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The filing reports a routine vesting event and tax-related sale, which is expected. The executive continues to hold a substantial equity stake, aligning interests with shareholders. No new strategic or operational information is provided.

Positives

• Conversion of DRSUs indicates a vesting event, which represents earned compensation for the executive.
• The executive continues to hold a significant number of common stock shares (5,355 directly, 2,678.101 indirectly) and a substantial amount of unvested DRSUs (16,833), aligning his interests with shareholders.

Negatives

• A portion of the vested shares (1,071 shares) was sold to cover tax liabilities, reducing the direct common stock holdings.

Future Outlook

The filing indicates future vesting events for the remaining 16,833 Deferred Restricted Stock Units, which will occur in two additional equal annual installments following the initial vesting on January 21, 2026.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, common across all publicly traded companies. It reflects standard executive compensation practices involving equity awards and subsequent tax-related share dispositions upon vesting. It does not provide specific insights into broader industry trends for Minerals Technologies Inc.

Comparison to Industry Standards

• The transactions reported are standard for executive equity compensation plans, where Restricted Stock Units (RSUs) or Deferred Restricted Stock Units (DRSUs) vest over time, and a portion of the shares are typically withheld or sold to cover tax liabilities. This practice is consistent with compensation structures observed in comparable industrial materials and specialty chemicals companies.

Stakeholder Impact

• Shareholders: The executive's continued significant equity holdings align his interests with shareholders.
• Employees: Reflects standard executive compensation practices, which can influence employee morale and retention strategies.

Next Steps

• Future vesting of the remaining 16,833 Deferred Restricted Stock Units in two equal annual installments after January 21, 2026.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction involving the vesting of equity awards and a tax-related sale. It does not provide new fundamental information about Minerals Technologies Inc.'s operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The executive's continued substantial equity ownership is a positive for alignment, but the transaction itself is not a catalyst for a 'buy' or 'sell' decision.

Keywords

Minerals Technologies Inc., MTX, Timothy Jordan, Form 4, Insider Trading, Stock Units, DRSU, Common Stock, Executive Compensation, Share Ownership, Vesting