Form 4: Tetra Technologies Director Exercises Vested Restricted Stock Units
SEC Form 4
Director Christian A. Garcia converted vested restricted stock units into common stock of Tetra Technologies on May 24, 2024.
Summary
- On May 24, 2024, Christian A. Garcia, a director of Tetra Technologies Inc., converted 39,091 vested restricted stock units into an equal number of common stock shares.
- The restricted stock units were granted on May 24, 2023, and fully vested on May 24, 2024.
- The conversion occurred at a price of $0.00 per share.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard executive compensation practice. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock 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 |
|---|---|
| May 3, 2023 | Date of Power of Attorney execution, granting Kimberly M. O'Brien the authority to act on behalf of Christian A. Garcia for SEC filings. |
| May 24, 2023 | Date the restricted stock units were granted. |
| May 24, 2024 | Date of transaction: conversion of restricted stock units into common stock and date the restricted stock units fully vested. |
| May 29, 2024 | Date of signature on the Form 4 filing by Kimberly M. O'Brien, attorney in fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.