Form 4: Tetra Technologies CFO Serrano Exercises and Disposes of Restricted Stock Units

Elijio V. Serrano, Sr. Vice President & CFO of Tetra Technologies, recently exercised and disposed of restricted stock units to acquire common stock and satisfy tax obligations.

Summary

• On February 25, 2024, Elijio V. Serrano, the Sr. Vice President & CFO of Tetra Technologies, exercised restricted stock units (RSUs) that were granted on February 17, 2021, and February 21, 2022.
• He acquired 43,158 shares and 28,519 shares of common stock upon vesting of the RSUs.
• Simultaneously, Serrano disposed of 15,257 shares and 10,082 shares to cover tax withholding obligations at a price of $3.79 per share.
• Following these transactions, Serrano directly owns 1,180,094 shares of Tetra Technologies common stock and 57,040 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral report on insider trading activity, with no inherent positive or negative implications for the company's performance.

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 of insider transactions, providing transparency to investors regarding the actions of company executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders due to the increase in outstanding shares from the RSU vesting, offset by the shares surrendered for tax obligations.

Key Dates