Form 4: Tetra Technologies CEO Brady M. Murphy Reports Stock Transactions
SEC Form 4
Brady M. Murphy, President & CEO of Tetra Technologies Inc., reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of common stock.
Summary
- On March 6, 2024, Brady M. Murphy, the President & CEO of Tetra Technologies Inc., had 335,552 restricted stock units vest, which converted into common stock on a one-for-one basis.
- Also on March 6, 2024, 138,751 shares were surrendered to the issuer to cover tax withholding obligations related to the vesting of the restricted stock units at a price of $3.92 per share.
- Following these transactions, Murphy's direct ownership of Tetra Technologies common stock decreased from 2,324,794 to 2,186,043 shares.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/06/2023 | Date of grant for the restricted stock units that vested on March 6, 2024 |
| 03/06/2024 | Date of vesting of restricted stock units and tax withholding. |
| 03/08/2024 | Date of signature for the Form 4 filing. |
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