Form 4: Tetra Technologies Executive Roy McNiven Reports Stock Transactions

Roy McNiven, a Senior Vice President at Tetra Technologies, disclosed the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of company stock.

Summary

• On February 19, 2025, Roy McNiven, a Senior Vice President of Tetra Technologies, had 27,223 restricted stock units vest, which converted into common stock.
• Following the vesting, 11,486 shares were surrendered to cover tax withholding obligations at a price of $4.44 per share.
• After these transactions, McNiven directly owns 59,170 shares of Tetra Technologies common stock and 54,447 restricted stock units.
• The remaining unvested portion of the restricted stock unit award will vest every six months until fully vested on February 25, 2027.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Future Outlook

The remaining unvested restricted stock units will continue to vest every six months until February 25, 2027.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and aligns their interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units as a way to incentivize performance and retain key personnel.
• The vesting schedule of these units is typical, with vesting occurring over several years.
• Tax withholding upon vesting is a standard practice to cover income tax obligations.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding executive compensation and stock ownership.
• The transactions themselves have a minimal direct impact on other stakeholders.

Key Dates