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

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

Summary

• On February 25, 2024, Matthew Sanderson, Executive Vice President of Tetra Technologies Inc., reported transactions involving common stock and restricted stock units.
• These transactions included the vesting of 25,895 and 17,825 restricted stock units, which converted into common stock on a one-for-one basis.
• Sanderson also surrendered 9,660 and 6,650 units to satisfy tax withholding obligations at a price of $3.79 per share.
• Following these transactions, Sanderson beneficially owns 551,647 shares of Tetra Technologies Inc. common stock.
• The remaining unvested portion of the restricted stock units granted on February 21, 2022, will vest every six months until February 25, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects routine executive compensation transactions. There are no indications of significant positive or negative developments.

Positives

• The vesting of restricted stock units indicates that Sanderson has met certain performance or time-based milestones set by the company.

Negatives

• The surrender of shares to cover tax obligations reduces Sanderson's overall holdings, although this is a standard procedure.

Future Outlook

The remaining unvested portion of the restricted stock unit award will vest every six months until fully vested on February 25, 2025.

Industry Context

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

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates