Form 4: TETRA Technologies Director Receives Equity Award of 37,723 Restricted Stock Units

TETRA Technologies Director Sharon D. Booth McGee was granted 37,723 Restricted Stock Units as part of the company's Third Amended and Restated 2018 Equity Incentive Plan.

Summary

• Sharon D. Booth McGee, a Director of TETRA Technologies Inc. (TTI), was granted 37,723 Restricted Stock Units (RSUs) on June 12, 2025.
• Each RSU represents the contingent right to receive one share of the Issuer's common stock upon vesting.
• The closing price of TETRA Technologies' common stock on the grant date, June 12, 2025, was $3.59 per share.
• The RSU award was granted under the TETRA Technologies, Inc. Third Amended and Restated 2018 Equity Incentive Plan.
• The award will cliff vest on the one-year anniversary of the grant date, subject to continued service with the Issuer.
• Vested shares will be delivered on the settlement date, though the Issuer retains the discretion to settle the RSUs in cash or a combination of shares and cash.

Sentiment

Score: 7

Explanation: The grant of Restricted Stock Units to a director is a positive event as it aligns their interests with shareholders, representing a standard and expected form of executive compensation. It does not indicate any negative operational or financial issues.

Positives

• The grant of Restricted Stock Units to a director aligns their interests with those of shareholders, as the value of the award is tied to the company's stock performance.
• The award is part of an existing and approved equity incentive plan, indicating a structured approach to executive and director compensation.

Future Outlook

The document primarily reports a past transaction and does not contain forward-looking statements or guidance beyond the vesting schedule of the granted units.

Management Comments

• The Restricted Stock Unit award was granted pursuant to the TETRA Technologies, Inc. Third Amended and Restated 2018 Equity Incentive Plan.

Industry Context

This Form 4 filing details a routine equity compensation grant to a director, which is a common practice across publicly traded companies to align management and board interests with shareholder value. Such grants are standard components of director compensation packages in the U.S. market.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) is a widely accepted and standard form of equity compensation for directors and executives across various industries, including the energy and industrial sectors where TETRA Technologies operates.
• The cliff vesting schedule over one year is a common practice for director equity awards, aiming to retain talent and ensure continued service.
• The use of an established equity incentive plan (TETRA Technologies, Inc. Third Amended and Restated 2018 Equity Incentive Plan) is consistent with corporate governance best practices for transparent and approved compensation structures.

Corporate Governance

Related Party Transactions

• The grant of Restricted Stock Units to Sharon D. Booth McGee, a Director of TETRA Technologies, constitutes a related party transaction as it involves compensation from the company to a member of its board of directors. This is a standard and disclosed form of compensation.

Stakeholder Impact

• Shareholders: The equity grant aligns the director's financial interests with the company's stock performance, potentially encouraging decisions that enhance shareholder value.
• Employees: No direct impact on general employees is indicated by this specific filing.
• Director (Sharon D. Booth McGee): Receives equity compensation, which incentivizes continued service and performance tied to the company's success.

Next Steps

• The Restricted Stock Units are scheduled to cliff vest on the one-year anniversary of the grant date (June 12, 2026), subject to continued service.

Key Dates

Keywords

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