Form 4: Tetra Tech CEO Batrack Reports Significant Stock Transactions

Tetra Tech's Chairman and CEO, Dan L. Batrack, reported multiple transactions involving common stock and restricted stock units, including acquisitions through vesting and dispositions for tax liabilities.

Summary

• Dan L. Batrack, Chairman and CEO of Tetra Tech Inc., reported several transactions on November 18, 2025, related to his beneficial ownership.
• Acquired 14,030 shares of common stock upon the vesting of Restricted Stock Units (RSUs) at a price of $0.
• Acquired an additional 19,015 shares of common stock upon the vesting of other Restricted Stock Units (RSUs) at a price of $0.
• Acquired 164,285 shares of common stock through the vesting of performance stock units (PSUs) earned under the 2018 Equity Incentive Plan at a price of $0.
• Disposed of 18,235 shares of common stock at a price of $35.69 to cover tax liabilities associated with the vesting of RSUs.
• Disposed of 90,653 shares of common stock at a price of $35.69 to cover tax liabilities associated with the vesting of PSUs.
• Beneficial ownership of common stock increased to 314,309 shares following all reported transactions.
• An update to beneficial ownership also reflected the acquisition of 149 shares of common stock on December 15, 2024, through the Tetra Tech, Inc. Employee Stock Purchase Plan (ESPP).

Sentiment

Score: 7

Explanation: The filing indicates significant vesting of equity awards for the CEO, demonstrating the achievement of performance milestones and continued alignment with shareholder interests. While shares were sold for tax purposes, the net effect is a substantial increase in shares acquired through compensation.

Positives

• Significant acquisition of 197,330 shares (14,030 RSU + 19,015 RSU + 164,285 PSU) by the CEO through the vesting of equity awards, indicating strong alignment with shareholder interests.
• The vesting of RSUs and PSUs demonstrates the achievement of performance targets or time-based conditions, reflecting positively on company performance.
• An increase in direct beneficial ownership of common stock to 314,309 shares after all transactions, showing the CEO's continued substantial stake in the company.

Negatives

• Disposal of 108,888 shares (18,235 RSU tax + 90,653 PSU tax) to cover tax liabilities, which, while a common practice, reduces the CEO's direct ownership.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Transactions involve the vesting of equity awards and subsequent tax-related share dispositions by the CEO as part of his compensation package, which are standard related-party dealings in executive compensation.

Stakeholder Impact

• Shareholders: Increased alignment of the CEO's interests with shareholders due to significant equity vesting and continued beneficial ownership.
• Employees: The mention of the Employee Stock Purchase Plan (ESPP) indicates a broader employee benefit program, potentially fostering employee ownership.

Key Dates

Recommendation

The Form 4 details routine insider transactions related to executive compensation, specifically the vesting of restricted stock units and performance stock units, and subsequent share sales to cover tax liabilities. These transactions are expected and do not provide new fundamental information that would alter an investment thesis, thus a 'hold' recommendation is maintained.

Keywords

Tetra Tech, TTEK, Insider Trading, Form 4, Stock Transactions, CEO Stock, Equity Incentive Plan, Restricted Stock Units, Performance Stock Units, Employee Stock Purchase Plan