Form 4: TETRA Technologies Director John F. Glick Granted Restricted Stock Units

Director John F. Glick of TETRA Technologies Inc. was granted 36,206 restricted stock units (RSUs) on May 21, 2024, under the company's 2018 Equity Incentive Plan.

Summary

• On May 21, 2024, John F. Glick, a director of TETRA Technologies Inc., was granted 36,206 restricted stock units (RSUs).
• The RSUs were granted under the company's 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 $4.07.
• The RSUs will cliff vest on the one-year anniversary of the grant date, subject to continued service with the Issuer at vest date.
• 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 slightly positive. The grant of RSUs is a standard practice and indicates confidence in the company's future performance. It aligns the director's interests with shareholders.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing continued service and performance.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The RSUs will vest on the one-year anniversary of the grant date, subject to continued service.

Industry Context

Granting stock-based compensation is a common practice in the industry to align the interests of company directors with those of shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in the energy and technology sectors, often benchmarked against peer companies of similar size and market capitalization.
• Companies like Schlumberger, Halliburton, and Baker Hughes also utilize equity-based compensation to incentivize their executives and directors.
• The vesting schedules and terms of these grants are generally aligned with industry best practices to ensure retention and performance.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns the director's interests with the company's long-term success.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates