Form 4: TETRA Technologies Director Angela D. John Acquires Restricted Stock Units

Director Angela D. John of TETRA Technologies Inc. was granted 4,160 restricted stock units (RSUs) on March 20, 2024, under the company's equity incentive plan.

Summary

• On March 20, 2024, Angela D. John, a director of TETRA Technologies Inc., acquired 4,160 restricted stock units (RSUs).
• The RSUs were granted under the TETRA Technologies, Inc. Second Amended and Restated 2018 Equity Incentive Plan.
• Each RSU represents the contingent right to receive one share of TETRA Technologies' common stock upon vesting.
• The closing price of TETRA Technologies' common stock on the grant date was $4.48.
• One-hundred percent of the award will vest on May 24, 2024, subject to continued service with the Issuer on the respective vesting date.
• Vested shares will be delivered to the reporting person on the settlement date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices that align director interests with shareholder value.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service with the company.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

This is a standard practice for aligning management and shareholder interests in publicly traded companies.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice among publicly traded companies to incentivize performance and align their interests with those of shareholders.
• Vesting schedules typically range from one to four years, with the vesting date of May 24, 2024, being a relatively short vesting period.
• The size of the grant is likely determined based on the director's role, company performance, and industry benchmarks.

Stakeholder Impact

• The RSU grant is intended to align the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates