Form 4: Tetra Tech Executive Brian N. Carter Reports Stock Transactions

Brian N. Carter, SVP, Corporate Controller at Tetra Tech, reported the vesting of restricted stock units and subsequent tax withholding on November 30, 2024.

Summary

• Brian N. Carter, a Senior Vice President and Corporate Controller at Tetra Tech, filed a Form 4 detailing changes in his beneficial ownership of company stock.
• On November 30, 2024, 1,520 restricted stock units (RSUs) vested, converting into common stock.
• A portion of the vested shares, specifically 828 shares, were withheld to cover tax obligations at a price of $41.51 per share.
• Following these transactions, Carter directly owns 49,224 shares of Tetra Tech common stock.
• Carter also holds 4,550 unvested restricted stock units.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative. The sentiment is neutral to slightly positive as it indicates the executive is receiving compensation.

Future Outlook

The remaining restricted stock units will vest in 25% increments annually starting November 30, 2025.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The vesting schedule of 25% annually is a common vesting schedule for restricted stock units in the industry.
• Tax withholding on vesting shares is a standard practice to cover the tax liability of the employee.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation.

Key Dates

Keywords

Form 4, insider trading, stock ownership, restricted stock units, TTEK, Tetra Tech, executive compensation