Form 4: Tetra Technologies Director Thomas R. Bates Jr. Reports Stock Unit Vesting
SEC Form 4
Director Thomas R. Bates Jr. reported the vesting of 39,091 restricted stock units into common stock of Tetra Technologies Inc. on May 24, 2024.
Summary
- On May 24, 2024, Thomas R. Bates Jr., a director of Tetra Technologies Inc., reported the vesting of 39,091 restricted stock units.
- These restricted stock units converted into an equal number of common stock shares.
- Following the transaction, Bates directly owns 505,373 shares of Tetra Technologies Inc.
- The restricted stock units were granted on May 24, 2023, and fully vested on May 24, 2024.
- Each unit represents the contingent right to receive one share of the Issuer's common stock upon vesting.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting the standard vesting of previously granted stock units.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 2017-08-08 | Power of Attorney executed by Thomas R. Bates. |
| 2023-05-24 | Restricted stock units granted to Thomas R. Bates. |
| 2024-05-24 | Restricted stock units vested and converted to common stock. |
| 2024-05-29 | Date of signature on the Form 4 filing. |
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