Form 4: Tetra Tech EVP Leslie Shoemaker Executes Stock Options and Sells Shares

Leslie Shoemaker, EVP and Chief Sustainability Officer of Tetra Tech, exercised stock options and sold shares on June 13, 2024.

Summary

• On June 13, 2024, Leslie Shoemaker, EVP and Chief Sustainability Officer of Tetra Tech Inc., exercised stock options to acquire 11,161 shares of common stock at a price of $47.95 per share.
• Simultaneously, Shoemaker sold 11,161 shares of common stock at a weighted average price of $211.832, with individual sales prices ranging from $211.40 to $212.16.
• Following these transactions, Shoemaker directly owns 74,887 shares of Tetra Tech common stock.
• The exercised stock options were granted on November 17, 2018, and become exercisable in 25% increments on each anniversary of the grant date.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Executive stock transactions are common and closely monitored as they can provide insights into an executive's perspective on the company's future performance. Form 4 filings are a standard part of regulatory compliance for publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include stock options to align management's interests with those of shareholders.
• The vesting schedule of 25% per year is a typical structure for stock option grants.
• Executive stock sales are a normal part of personal financial planning and diversification.

Stakeholder Impact

• The transaction itself has minimal direct impact on stakeholders.
• However, consistent executive stock sales could, in aggregate, influence investor sentiment if perceived negatively.

Key Dates