Form 4: Tetra Tech Director Joanne M. Maguire Reports Stock Option Exercise and Share Disposal
SEC Form 4
Director Joanne M. Maguire exercised stock options and disposed of shares of Tetra Tech Inc. on August 5, 2024.
Summary
- On August 5, 2024, Joanne M. Maguire, a director of Tetra Tech Inc., exercised stock options to acquire 4,000 shares of common stock at a price of $47.95 per share.
- Simultaneously, Maguire disposed of 862 shares to cover the exercise price of the options at $225.24.
- Following these transactions, Maguire beneficially owns 19,132 shares of Tetra Tech Inc.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock option exercise and share disposal, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 11/17/2018 | Date stock options vested. |
| 11/18/2027 | Expiration date of the stock options. |
| 08/05/2024 | Date of stock option exercise and share disposal. |
| 08/07/2024 | Date of signature on the Form 4 filing. |
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