On January 25, it was revealed in an SEC filing that Erik Aldag, Senior Vice President at Minerals Technologies (NYSE:MTX) executed a significant exercise of company stock options.
What Happened: Aldag, Senior Vice President at Minerals Technologies, exercised stock options for 0 shares of MTX stock. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The exercise price of the options was $0.0 per share.
Minerals Technologies shares are trading down 0.0% at $66.07 at the time of this writing on Friday morning. Since the current price is $66.07, this makes Aldag's 0 shares worth $0.
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.
Financial Milestones: Minerals Technologies's Journey
Positive Revenue Trend: Examining Minerals Technologies's financials over 3 months reveals a positive ...