Douglas T. Dietrich
Also at Minerals Technologies Inc
About
Douglas T. Dietrich is a seasoned executive serving as both Chairman of the Board and Chief Executive Officer of MTX, noted for his extensive leadership and financial expertise. He is 55 years old as of FY 2024 and began his career at MTX in August 2007 as Vice President, Corporate Development and Treasury.
He advanced within the company through prominent roles, being promoted to Senior Vice President, Finance and Treasury, and Chief Financial Officer in January 2011 before being appointed as CEO in December 2016. This progression underscores a strong record of leadership and operational excellence.
Under his guidance, MTX has undertaken significant strategic initiatives and maintained a commitment to operational effectiveness. His professional journey reflects a breadth of experience in both finance and executive management, contributing to the company’s sustained growth and strategic direction.
$MTX Performance Under Douglas T. Dietrich
Past Roles
Fixed Compensation
Performance Compensation
Annual Incentive Bonus
Overall Bonus Details:
- Weightings: Company Financial Targets: 70% (achieved 150.8% ), Personal Performance Objectives: 30% (achieved 128.4% ).
- Compensation Levels: Threshold: $328,125 ; Target: $1,312,500 ; Maximum: $2,625,000.
- Earned Amount: $1,891,008 via a performance factor of 144.1%.
- Grant Date: January 23, 2024.
- Grant Date Stock Price: $66.11.
- Vesting: Not applicable (cash-based award).
Long-Term Incentive Payout
Overall LTIP Details:
- Compensation Levels: Threshold: $328,125 ; Target: $1,312,500 ; Maximum: $2,625,000.
- Grant Date: January 23, 2024.
- Grant Date Fair Value (Performance Units): $1,745,625.
- Vesting Schedule: Tied to the achievement of performance metrics over the 2022-2024 period.
- Additional Note: The stock appreciated by 7% from December 31, 2023 to December 31, 2024, impacting the realizable compensation value.