Form 4: Tetra Technologies Inc. Executive Shoemake Reports Stock Transactions
SEC Form 4
Alicia R. Boston Shoemake, General Counsel of Tetra Technologies Inc., reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On February 25, 2025, Alicia R. Boston Shoemake, General Counsel of Tetra Technologies Inc. (TTI), reported transactions involving restricted stock units.
- A total of 6,845 restricted stock units granted on February 21, 2022, vested and converted into common stock.
- 2,396 shares were surrendered to cover tax withholding obligations related to the vesting of these units at a price of $4.1 per share.
- Additionally, 6,377 restricted stock units granted on February 22, 2023, vested and converted into common stock.
- 3,203 shares were surrendered to cover tax withholding obligations related to the vesting of these units at a price of $4.1 per share.
- Following these transactions, Ms. Shoemake directly owns 126,513 shares of common stock and indirectly owns 7,723 shares through her spouse.
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.
Future Outlook
The remaining unvested portion of the 2023 restricted stock unit award will vest every six months until fully vested on February 25, 2026.
Industry Context
This is a routine Form 4 filing, reflecting the standard practice of granting and vesting restricted stock units as part of executive compensation packages.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon vesting of the restricted stock units.
- The surrender of shares for tax withholding reduces the number of shares entering the market.
Key Dates
| Date | Description |
|---|---|
| February 21, 2022 | Date of grant for 6,845 restricted stock units. |
| February 22, 2023 | Date of grant for 6,377 restricted stock units. |
| February 25, 2025 | Date of transaction: vesting of restricted stock units and surrender of shares for tax withholding. |
| February 26, 2025 | Date of signature on the Form 4. |
| February 25, 2026 | Date the remaining unvested portion of the restricted stock unit award will be fully vested. |
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