Form 4: Tetra Technologies Director Mark Baldwin Vests Restricted Stock Units

Director Mark Baldwin vested 39,091 restricted stock units of Tetra Technologies Inc. on May 24, 2024, converting them into common stock.

Summary

• On May 24, 2024, Mark E. Baldwin, a director of Tetra Technologies Inc., vested 39,091 restricted stock units (RSUs).
• These RSUs converted into 39,091 shares of common stock on a one-for-one basis.
• Following the transaction, Baldwin directly owns 307,919 shares of Tetra Technologies Inc.
• The vesting of the restricted stock units occurred as the award fully vested on May 24, 2024.
• The transaction was reported on May 29, 2024.

Sentiment

Score: 5

Explanation: This is a neutral event related to executive compensation. It doesn't indicate positive or negative performance for the company.

Industry Context

This is a routine disclosure related to executive compensation and is typical for publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time as an incentive for long-term performance.
• The vesting schedule and terms are generally comparable to those offered by similar companies in the energy and technology sectors.
• Companies like Halliburton, Schlumberger, and Baker Hughes also use RSUs as part of their executive compensation plans.

Stakeholder Impact

• The vesting of RSUs has a minor dilutive effect on existing shareholders.
• It incentivizes the director to work towards the long-term success of the company.

Key Dates