Form 4: Tetra Technologies Director Exercises Restricted Stock Units
SEC Form 4
Director Sharon D. Booth McGee exercised restricted stock units of Tetra Technologies Inc. on May 24, 2024, resulting in the acquisition of 39,091 shares of common stock.
Summary
- On May 24, 2024, Sharon D. Booth McGee, a director of Tetra Technologies Inc., exercised 39,091 restricted stock units (RSUs).
- These RSUs converted into 39,091 shares of common stock.
- The transaction did not involve any monetary exchange, as the price per share was $0.00.
- Following the transaction, McGee directly owns 73,059 shares of Tetra Technologies Inc.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction increases the number of outstanding shares, which could have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/24/2023 | Date of grant of restricted stock units that vested on May 24, 2024 |
| 05/24/2024 | Date of transaction: Director exercised restricted stock units. |
| 05/24/2024 | Restricted stock units fully vested. |
| 05/29/2024 | Date of signature on the Form 4 filing. |
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