Form 4: TETRA Technologies Director Receives Restricted Stock Units

Director Sharon D. Booth McGee was granted 26,551 restricted stock units (RSUs) in TETRA Technologies, Inc.

Summary

• Sharon D. Booth McGee, a director of TETRA Technologies Inc., received an award of 26,551 restricted stock units (RSUs) on May 21, 2024.
• The RSUs were granted under the company's Second Amended and Restated 2018 Equity Incentive Plan.
• The RSUs will cliff vest on the one-year anniversary of the grant date, contingent upon continued service with the issuer.
• Each RSU represents the 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.
• 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 document indicates a standard compensation practice, suggesting stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

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

Risks

• The value of the RSUs is subject to the price fluctuations of TETRA Technologies' common stock.
• The vesting of the RSUs is contingent upon the director's continued service with the company.

Future Outlook

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

Industry Context

Granting equity compensation to directors is a common practice to align their interests with those of shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Equity compensation practices vary across the oil and gas services industry, but RSU grants are a fairly standard component of director compensation packages.
• Companies like Halliburton, Schlumberger, and Baker Hughes also utilize equity-based compensation for their directors.

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 the RSU grant as a sign of the company's commitment to its leadership.

Key Dates