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

TETRA Technologies Inc. Director Thomas R. Bates Jr. was granted 37,723 Restricted Stock Units (RSUs) as part of the company's equity incentive plan, aligning his interests with shareholders.

Summary

• Thomas R. Bates Jr., 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 TETRA's common stock upon vesting.
• The closing price of TETRA's common stock on the grant date was $3.59.
• 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, specifically June 12, 2026, contingent upon Mr. Bates' continued service with the Issuer.
• Vested shares will be delivered to the reporting person 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 sentiment is moderately positive as the RSU grant aligns director interests with shareholders and is a standard compensation practice, indicating stability in governance. It's not highly positive as it's a routine event rather than a significant new development.

Positives

• The grant of Restricted Stock Units to a director helps align the director's long-term interests with those of the company's shareholders, promoting sustained performance.
• The equity incentive plan provides a mechanism for retaining and incentivizing key personnel, including directors.

Future Outlook

The Restricted Stock Units are scheduled to cliff vest on June 12, 2026, contingent on the director's continued service, indicating a future milestone for the equity award.

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

The granting of Restricted Stock Units to directors is a common practice in publicly traded companies across various industries, serving as a key component of non-employee director compensation to align their interests with long-term shareholder value.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) for director compensation is a standard practice across many industries, including the energy and industrial services sector where TETRA Technologies operates.
• The one-year cliff vesting schedule is a common structure for such grants, aiming to retain directors and incentivize their continued commitment.
• While specific comparable companies or projects are not detailed in this Form 4, this type of equity grant is consistent with compensation strategies observed at peers like Schlumberger, Halliburton, or Baker Hughes, which also utilize equity-based incentives for their board members.

Corporate Governance

Related Party Transactions

• The grant of Restricted Stock Units to Director Thomas R. Bates Jr. constitutes a related party transaction, as it involves compensation to a member of the company's board of directors.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with long-term shareholder value, potentially encouraging decisions that benefit stock performance.
• Employees: While not directly impacting all employees, such grants are part of a broader compensation philosophy that can influence overall company culture and retention strategies for key personnel.

Next Steps

• The Restricted Stock Units are scheduled to cliff vest on June 12, 2026, subject to continued service.

Key Dates

Recommendation

Keywords

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