Form 4: Tetra Technologies CEO Brady M. Murphy Reports Stock Transactions
SEC Form 4
Brady M. Murphy, President & CEO of Tetra Technologies, reports the vesting and subsequent tax withholding related to restricted stock units.
Summary
- On February 25, 2024, Brady M. Murphy, the President & CEO of Tetra Technologies, engaged in transactions involving restricted stock units.
- A total of 107,895 shares vested from restricted stock units granted on February 17, 2021, and were converted into common stock.
- Additionally, 77,002 shares vested from restricted stock units granted on February 21, 2022, and were converted into common stock.
- To cover tax obligations, 47,857 shares were surrendered to the issuer at a price of $3.79 per share related to the February 17, 2021 grant.
- Another 34,155 shares were surrendered to the issuer at a price of $3.79 per share related to the February 21, 2022 grant.
- Following these transactions, Murphy directly owns 1,989,242 shares of Tetra Technologies common stock.
- The remaining unvested portion of the restricted stock units granted on February 21, 2022, will vest every six months until February 25, 2025.
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.
Future Outlook
The remaining unvested portion of the restricted stock unit award granted on February 21, 2022, will vest every six months until fully vested on February 25, 2025.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on the total outstanding shares of Tetra Technologies.
- The tax withholding benefits the issuer by reducing the number of shares issued.
Key Dates
| Date | Description |
|---|---|
| 02/17/2021 | Date of grant for restricted stock units, some of which vested on 02/25/2024. |
| 02/21/2022 | Date of grant for restricted stock units, some of which vested on 02/25/2024. |
| 02/25/2024 | Date of transactions involving vesting and tax withholding of restricted stock units. |
| 02/25/2025 | Date when the remaining unvested portion of restricted stock units granted on February 21, 2022, will be fully vested. |
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