MTX - Insider Activity Update: Jonathan J Hastings Executes Options Exercise Resulting In $56K At Minerals Technologies | Benzinga
A substantial insider activity was disclosed on December 4, as Hastings, Senior Vice President at Minerals Technologies (NYSE:MTX), reported the exercise of a large sell of company stock options.
What Happened: The latest Form 4 filing on Monday with the U.S. Securities and Exchange Commission uncovered Hastings, Senior Vice President at Minerals Technologies, exercising stock options for 8,960 shares of MTX. The total transaction was valued at $56,761.
The latest update on Tuesday morning shows Minerals Technologies shares down by 0.0%, trading at $64.3. At this price, Hastings's 8,960 shares are worth $56,761.
Delving into Minerals Technologies's Background
Minerals Technologies Inc mines, produces, and sells mineral-based products. The firm organizes itself into three segments based on product type. The specialty minerals segment, sells calcium carbonate, limestone, and talc, which is used in the paper, building materials, paint, automotive, and pharmaceutical industries. The refractories segment sells products for steel furnaces. The performance materials segment sells bentonite used in steel alloy casting and household products including cat litter. The majority of revenue comes from the United States.
Minerals Technologies: Financial Performance Dissected
Revenue Growth: Minerals Technologies's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately ...