Form 4: TETRA Technologies CEO Awarded 349,692 Restricted Stock Units

Brady M. Murphy, President and CEO of TETRA Technologies, Inc., received 349,692 restricted stock units (RSUs) on February 28, 2025, under the company's equity incentive plan.

Summary

• On February 28, 2025, Brady M. Murphy, the President and CEO of TETRA Technologies Inc., was granted 349,692 restricted stock units (RSUs).
• The RSUs were awarded under the TETRA Technologies, Inc. Second Amended and Restated 2018 Equity Incentive Plan.
• Each RSU represents the right to receive one share of TETRA Technologies' common stock upon vesting.
• The closing price of TETRA Technologies' common stock on the grant date was $3.79.
• The RSUs will vest in installments: one-third on February 28, 2026, and one-sixth on each August 25th and February 25th thereafter, until fully vested on February 25, 2028, contingent upon continued service with the company.
• Vested shares will be delivered to the reporting person on the settlement date unless the Issuer elects to settle the RSUs in cash, or a combination of shares and cash, in the Issuer's sole discretion.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management and shareholder interests. The vesting schedule promotes long-term commitment.

Positives

• The RSU grant aligns the CEO's interests with those of the shareholders, incentivizing long-term performance.
• The vesting schedule encourages continued service and commitment from the CEO.

Risks

• The value of the RSUs is dependent on the future stock price of TETRA Technologies, which is subject to market fluctuations.
• The CEO must remain employed with the company for the RSUs to fully vest.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Granting RSUs to executives is a common practice in the industry to align management's interests with those of shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Executive compensation packages, including RSU grants, are common across publicly traded companies, particularly in the energy and technology sectors.
• The size and vesting schedule of the RSU grant would typically be benchmarked against peer companies of similar size and industry to ensure competitiveness and alignment with performance goals.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign, aligning the CEO's interests with the company's long-term success.
• Employees may see the grant as a reflection of the company's commitment to its leadership.

Key Dates