Form 4: Tetra Technologies Director, Mark E. Baldwin, Awarded Restricted Stock Units

Director Mark E. Baldwin received 26,551 restricted stock units (RSUs) of Tetra Technologies Inc. on May 21, 2024, which will vest on the one-year anniversary of the grant date.

Summary

• On May 21, 2024, Mark E. Baldwin, a director of Tetra Technologies Inc., was granted 26,551 restricted stock units (RSUs).
• The RSUs were awarded under the company's Second Amended and Restated 2018 Equity Incentive Plan.
• Each RSU represents the right to receive one share of Tetra Technologies' common stock upon vesting.
• The RSUs will cliff vest on the one-year anniversary of the grant date, contingent upon continued service with the company.
• The closing price of Tetra Technologies' common stock on the grant date was $4.07.
• 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 positive. The granting of RSUs is a standard practice and generally viewed favorably as it aligns management's interests with shareholders.

Positives

• The RSU grant aligns the director's interests with those of the shareholders, incentivizing continued service and contribution to the company's success.

Future Outlook

The RSUs will 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.

Industry Context

Equity compensation is a common practice in the industry to attract and retain key personnel and align their interests with those of the shareholders.

Comparison to Industry Standards

• Granting restricted stock units to directors is a standard practice among publicly traded companies to incentivize performance and align interests with shareholders.
• The vesting schedule of one year is also a common arrangement.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders.

Key Dates