ARGIRAKIS BRETT 4
Research Summary
AI-generated summary
Minerals Technologies (MTX) Group President Brett Argirakis Receives Equity Awards
What Happened
Brett Argirakis, Group President of Minerals Technologies Inc. (MTX), received equity awards on January 20, 2026: 12,101 deferred restricted stock units (DRSUs) and 10,393 stock options. Both awards were granted at $0.00 (typical for compensation grants) and therefore involved no cash paid by the insider. Together the awards represent economic exposure to 22,494 shares (12,101 DRSUs + 10,393 option shares), though the options are not shares until exercised.
Key Details
- Transaction date: January 20, 2026; Form 4 filed January 22, 2026 (timely filing).
- Grant details: 12,101 DRSUs (F1/F2) and 10,393 options (F3); grant price reported $0.00.
- Vesting: Both awards vest in three equal annual installments beginning January 20, 2027 (per footnotes).
- Shares owned after transaction: not specified in the provided excerpt.
- Footnotes: F1 explains each DRSU equals the economic equivalent of one share; F2/F3 describe the three-year vesting schedule.
- Transaction code: A = Award/Grant (derivative securities).
Context
DRSUs typically convert to shares (or equivalent cash) upon vesting and reflect long-term compensation; stock options require exercise to become shares. These awards are compensation grants rather than open-market purchases or sales, so they are routine executive pay actions and not a direct buy/sell signal.