Form 4: TETRA TECHNOLOGIES CFO Reports RSU Vesting and Tax Withholding

TETRA TECHNOLOGIES' Sr. Vice President & CFO, Elijio V. Serrano, reported routine vesting of Restricted Stock Units and associated tax-related share disposals.

Summary

• Elijio V. Serrano, Sr. Vice President & CFO of TETRA TECHNOLOGIES INC, reported transactions involving the vesting of Restricted Stock Units (RSUs) and subsequent common stock adjustments.
• On August 25, 2025, 21,256 RSUs granted on February 22, 2023, vested and converted into common stock.
• Concurrently, 8,365 shares of common stock were surrendered to the issuer at a price of $4.49 per share to satisfy tax withholding obligations related to the 2023 RSU vesting.
• Also on August 25, 2025, 20,165 RSUs granted on February 19, 2024, vested and converted into common stock.
• An additional 7,935 shares of common stock were surrendered to the issuer at $4.49 per share for tax withholding related to the 2024 RSU vesting.
• Following these transactions, Mr. Serrano's direct beneficial ownership of common stock is 1,492,208 shares.
• A remaining 21,256 unvested RSUs from the February 22, 2023 grant will continue to vest every six months until fully vested on February 25, 2026.
• A remaining 60,497 unvested RSUs from the February 19, 2024 grant will continue to vest every six months until fully vested on February 25, 2027.

Sentiment

Score: 6

Explanation: The filing reports routine executive compensation events (RSU vesting and tax withholding). This is a neutral to slightly positive event as it indicates continued executive retention and alignment of interests, without any unexpected or significant changes to the company's financial or operational status.

Positives

• The vesting of Restricted Stock Units indicates continued compensation for a key executive, aligning management's interests with shareholder value.
• The transactions are routine and expected, reflecting the company's established executive compensation plan.

Negatives

• The disposal of 16,300 shares (8,365 + 7,935) for tax withholding purposes slightly reduces the executive's direct beneficial ownership of common stock.

Future Outlook

The remaining unvested portions of the Restricted Stock Unit awards are scheduled to vest every six months, with the February 22, 2023 grant fully vesting by February 25, 2026, and the February 19, 2024 grant fully vesting by February 25, 2027.

Industry Context

This filing is a routine disclosure of executive compensation and ownership changes, which is standard practice across all publicly traded companies. It does not provide specific industry-wide insights but reflects the ongoing compensation structure for a key executive within the energy services sector.

Stakeholder Impact

• Shareholders: The filing provides transparency into executive compensation and ownership, which is a key aspect of corporate governance.
• Employees (specifically the reporting person): The vesting of RSUs represents a realization of compensation, impacting the executive's personal financial position.

Next Steps

• The remaining 21,256 unvested RSUs from the February 22, 2023 grant will continue to vest every six months until fully vested on February 25, 2026.
• The remaining 60,497 unvested RSUs from the February 19, 2024 grant will continue to vest every six months until fully vested on February 25, 2027.

Key Dates

Keywords

TETRA TECHNOLOGIES, TTI, SEC Form 4, Restricted Stock Units, RSU vesting, Insider Trading, Executive Compensation, Beneficial Ownership, Tax Withholding