Form 4: Tetra Technologies Executive Vice President Matthew Sanderson Reports Stock Transactions

Executive Vice President Matthew Sanderson of Tetra Technologies Inc. reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of common stock.

Summary

• On March 6, 2024, Matthew Sanderson, Executive Vice President of Tetra Technologies Inc., reported transactions involving the company's common stock.
• 66,388 restricted stock units vested and converted into common stock at a price of $0.00 per share.
• 27,442 shares were surrendered to cover tax withholding obligations at a price of $3.92 per share.
• Following these transactions, Sanderson's direct ownership of common stock is 590,593 shares.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard executive compensation practices, and does not inherently indicate positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions have a minor dilutive effect on existing shareholders due to the vesting of new shares.
• The tax withholding benefits the company by reducing the number of shares issued.

Key Dates