Form 4: Tetra Tech Director Acquires Shares via PSU Vesting

Kimberly E. Ritrievi, a Director at Tetra Tech Inc., acquired 2,208 shares of common stock through the vesting of performance stock units.

Summary

• Kimberly E. Ritrievi, a Director of Tetra Tech Inc. (TTEK), reported an acquisition of common stock.
• The transaction involved 2,208 shares of common stock.
• The shares were acquired at a price of $0, indicating they were received through vesting.
• The acquisition was a result of performance stock units (PSUs) vesting, which were earned under the 2018 Equity Incentive Plan.
• The PSUs vested on November 20, 2024, but were deferred under the Issuer's Deferred Compensation Plan and settled according to an elected distribution schedule.
• Following this transaction, Kimberly E. Ritrievi beneficially owns 145,408 shares of common stock directly.

Sentiment

Score: 6

Explanation: The filing reports a routine insider transaction involving the vesting of performance stock units, which is a positive for the individual director and indicates performance targets were met. It does not, however, provide broader financial or strategic insights for the company.

Positives

• The acquisition of shares through PSU vesting demonstrates continued alignment of a director's interests with those of shareholders.
• The vesting of performance stock units indicates that performance targets, as set out in the 2018 Equity Incentive Plan, were met.

Stakeholder Impact

• Shareholders: The transaction demonstrates continued alignment of a director's interests with those of shareholders through equity ownership.

Key Dates

Keywords

TTEK, Tetra Tech, Form 4, insider transaction, stock acquisition, performance stock units, director compensation, equity incentive plan