Form 4: Tetra Technologies CEO Brady M. Murphy Reports Stock Transactions

Brady M. Murphy, President & CEO of Tetra Technologies, reports the vesting and subsequent tax withholding related to restricted stock units.

Summary

• On February 25, 2025, Brady M. Murphy, the President & CEO of Tetra Technologies, reported transactions involving common stock and restricted stock units.
• 77,003 shares were acquired through the vesting of restricted stock units granted on February 21, 2022, and converted into common stock on a one-for-one basis.
• 32,611 shares were surrendered to cover tax obligations at a price of $4.1 per share related to the vesting of the February 21, 2022 grant.
• 57,391 shares were acquired through the vesting of restricted stock units granted on February 22, 2023, and converted into common stock on a one-for-one basis.
• 27,533 shares were surrendered to cover tax obligations at a price of $4.1 per share related to the vesting of the February 22, 2023 grant.
• Following these transactions, Murphy directly owns 2,406,824 shares of Tetra Technologies common stock and 114,782 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The remaining unvested portion of the restricted stock unit award granted on February 22, 2023, will vest every six months until fully vested on February 25, 2026.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is common for executives to receive stock-based compensation and to subsequently sell shares to cover tax liabilities.

Comparison to Industry Standards

• Stock-based compensation is a common practice across the energy and technology industries, often used to align management's interests with those of shareholders.
• Companies like Schlumberger (SLB) and Halliburton (HAL) also utilize restricted stock units as part of their executive compensation packages.
• The vesting schedules and tax withholding practices observed in this filing are generally consistent with industry norms.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect the vesting of previously granted compensation and related tax obligations.
• The disclosure provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates