Form 4: TETRA Technologies Director John F. Glick Awarded 51,441 Restricted Stock Units

TETRA Technologies Inc. Director John F. Glick was granted 51,441 Restricted Stock Units under the company's 2018 Equity Incentive Plan, vesting one year from the grant date.

Summary

• John F. Glick, a Director of TETRA Technologies Inc. (TTI), was granted 51,441 Restricted Stock Units (RSUs) on June 12, 2025.
• Each RSU represents the contingent right to receive one share of TTI's common stock upon vesting.
• The closing price of TTI's common stock on the grant date was $3.59.
• The award was made pursuant to the TETRA Technologies, Inc. Third Amended and Restated 2018 Equity Incentive Plan.
• The RSUs will cliff vest on the one-year anniversary of the grant date, subject to 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, at its sole discretion.

Sentiment

Score: 7

Explanation: The document reports a routine equity award to a director, which is a positive for the recipient and a standard practice for aligning management interests with shareholders. It does not contain any negative operational or financial news.

Positives

• The award of 51,441 Restricted Stock Units to a director aligns management's interests with those of shareholders, as the value is tied to the company's stock performance.
• The grant is part of an established equity incentive plan (TETRA Technologies, Inc. Third Amended and Restated 2018 Equity Incentive Plan), indicating a structured approach to executive and director compensation.

Risks

• The vesting of the Restricted Stock Units is contingent upon the director's continued service with the Issuer for one year from the grant date.
• The Issuer retains sole discretion to settle vested RSUs in cash, shares, or a combination, which could impact the form of compensation received by the director.

Future Outlook

The Restricted Stock Units are scheduled to cliff vest on the one-year anniversary of the grant date (June 12, 2026), contingent on the director's continued service. Vested shares will be delivered on the settlement date, with the company having the option to settle in cash or a combination.

Industry Context

This document is a standard insider compensation disclosure, reflecting a common practice in publicly traded companies to use equity awards to incentivize and retain directors and executives. Such awards align the interests of company leadership with long-term shareholder value creation.

Comparison to Industry Standards

• This is a standard RSU grant for a director. To assess if it is in line with industry standards, a detailed comparison would require data on similar director compensation packages at peer companies within the energy services or industrial sectors, which is not provided in this document.

Related Party Transactions

• The Restricted Stock Unit award to Director John F. Glick is a related party transaction, disclosed as a standard form of compensation under the company's equity incentive plan.

Stakeholder Impact

• Shareholders: The award aligns the director's long-term interests with shareholder value creation, as the value of the award is tied to the company's stock performance. It also represents potential future dilution if settled in shares.
• Management/Directors: John F. Glick directly benefits from the equity award, providing an incentive for continued service and performance.

Next Steps

• The Restricted Stock Units are expected to vest on June 12, 2026, subject to continued service.
• Delivery of vested shares (or cash equivalent) will occur on the settlement date following vesting.

Key Dates

Keywords

TETRA Technologies, TTI, Restricted Stock Units, RSU, Equity Incentive Plan, Insider Transaction, Director Compensation, SEC Form 4, Stock Award