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

Director Angela D. John receives 26,551 restricted stock units (RSUs) in TETRA Technologies, Inc.

Summary

• On May 21, 2024, Angela D. John, a director of TETRA Technologies Inc., was granted 26,551 restricted stock units (RSUs).
• Each RSU represents the 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 $4.07.
• The RSU award was granted under the company's Second Amended and Restated 2018 Equity Incentive Plan.
• The RSUs will cliff vest on the one-year anniversary of the grant date, contingent upon continued service with the issuer.
• Vested shares will be delivered to the reporting person on the settlement date unless the Issuer elects to settle the RSUs in cash, or a combination of shares and cash, in the Issuer's sole discretion.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard compensation practices and aligns director interests with shareholders.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing her to work towards increasing the company's value.

Future Outlook

The vested shares will be delivered to the reporting person on the settlement date unless the Issuer elects to settle the RSUs in cash, or a combination of shares and cash, in the Issuer's sole discretion.

Industry Context

Granting stock-based compensation is a common practice in the industry to attract, retain, and incentivize key personnel.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded companies to align the interests of directors and management with those of shareholders.
• Companies like Schlumberger (SLB) and Halliburton (HAL) also utilize equity-based compensation as part of their overall compensation strategy for directors and executives.

Stakeholder Impact

• The RSU grant could positively impact shareholders by aligning the director's interests with the company's long-term success.

Next Steps

• The RSUs will vest on the one-year anniversary of the grant date, subject to continued service.
• Vested shares will be delivered to the reporting person on the settlement date unless the Issuer elects to settle the RSUs in cash, or a combination of shares and cash, in the Issuer's sole discretion.

Key Dates