Form 4: Tetra Technologies Executive McNiven Reports Stock Transactions
SEC Form 4
Roy McNiven, a Senior Vice President at Tetra Technologies, reported the vesting and subsequent tax-related disposal of common stock units.
Summary
- On August 25, 2024, Roy McNiven, a Senior Vice President of Tetra Technologies, engaged in transactions involving the company's common stock.
- 12,753 shares of restricted stock units vested and converted into common stock.
- 4,764 shares were disposed of to cover tax withholding obligations at a price of $3.23 per share.
- Following these transactions, McNiven directly owns 43,433 shares of Tetra Technologies common stock and 38,261 restricted stock units.
Sentiment
Score: 5
Explanation: This Form 4 filing is a routine disclosure of stock transactions by a company executive and does not inherently indicate positive or negative sentiment.
Future Outlook
The remaining unvested portion of the restricted stock unit award will vest every six months until fully vested on February 25, 2026.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| February 22, 2023 | Date of grant for the restricted stock units. |
| August 28, 2022 | Date of execution for the power of attorney. |
| August 25, 2024 | Date of the stock transactions (vesting and disposal for tax). |
| February 25, 2026 | Date when the remaining unvested restricted stock units will be fully vested. |
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