Form 4: Tetra Tech Executive Leslie Shoemaker Reports Stock Transactions

Leslie Shoemaker, an executive at Tetra Tech, reported the acquisition of 3,040 shares and the disposal of 1,675 shares of common stock on November 30, 2024, related to the vesting of restricted stock units.

Summary

• Leslie Shoemaker, EVP and Chief Sustainability Officer at Tetra Tech, filed a Form 4 detailing changes in beneficial ownership of company stock.
• On November 30, 2024, Shoemaker acquired 3,040 shares of common stock through the vesting of restricted stock units (RSUs).
• Simultaneously, 1,675 shares were disposed of to cover tax liabilities related to the vesting of the RSUs at a price of $41.51 per share.
• Following these transactions, Shoemaker directly owns 307,841 shares of Tetra Tech common stock.
• Shoemaker also holds 9,105 restricted stock units, which vest over time.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by an executive, which is neither positive nor negative for the company's performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the ownership changes of company stock by insiders.

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 for RSUs is a common practice in executive compensation packages.
• The tax withholding of shares upon vesting is also a standard procedure to cover tax liabilities.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Tetra Tech, Stock Transactions, Beneficial Ownership, Restricted Stock Units, RSU, Executive Compensation, Insider Trading