Form 4: Tetra Technologies Executive Vice President Matthew Sanderson Reports Stock Transactions
SEC Form 4
Executive Vice President Matthew Sanderson reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of Tetra Technologies Inc. stock.
Summary
- On February 25, 2025, Matthew Sanderson, Executive Vice President of Tetra Technologies Inc., reported transactions involving common stock and restricted stock units (RSUs).
- 17,825 shares were acquired through the vesting of RSUs granted on February 21, 2022, at a price of $0.00 per share.
- 6,658 shares were disposed of to satisfy tax withholding obligations related to the vesting of the February 21, 2022 RSUs, at a price of $4.1 per share.
- 15,942 shares were acquired through the vesting of RSUs granted on February 22, 2023, at a price of $0.00 per share.
- 5,955 shares were disposed of to satisfy tax withholding obligations related to the vesting of the February 22, 2023 RSUs, at a price of $4.1 per share.
- Following these transactions, Sanderson beneficially owns 649,303 shares of Tetra Technologies Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Future Outlook
The remaining unvested portion of the restricted stock unit award granted on February 22, 2023, will vest every six months until fully vested on February 25, 2026.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the executive's stake in the company.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon RSU vesting.
- The tax withholding transactions provide revenue to the government.
Key Dates
| Date | Description |
|---|---|
| February 21, 2022 | Date of grant for restricted stock units, part of which vested on February 25, 2025. |
| February 22, 2023 | Date of grant for restricted stock units, part of which vested on February 25, 2025. |
| February 25, 2025 | Date of transactions involving vesting of restricted stock units and tax withholding. |
| February 25, 2026 | Date when the remaining unvested portion of the restricted stock unit award granted on February 22, 2023 will be fully vested. |
| February 26, 2025 | Date of signature for the Form 4 filing. |
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