Form 4: Tetra Technologies CFO Serrano Exercises Stock Options, Sells Shares for Tax Obligations
SEC Form 4 Filing
Elijio V. Serrano, Sr. Vice President & CFO of Tetra Technologies, exercised stock options and sold shares to cover tax obligations on March 6, 2024.
Summary
- On March 6, 2024, Elijio V. Serrano, the Sr. Vice President & CFO of Tetra Technologies Inc., exercised restricted stock units converting into 169,107 shares of common stock.
- Serrano then disposed of 66,544 shares to satisfy tax withholding obligations at a price of $3.92 per share.
- Following these transactions, Serrano directly owns 1,282,657 shares of Tetra Technologies common stock.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be a signal to investors.
Key Dates
| Date | Description |
|---|---|
| 03/06/2023 | Date of grant for restricted stock units that vested on March 6, 2024. |
| 03/06/2024 | Date of transaction: exercise of restricted stock units and sale of shares for tax obligations. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
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