Form 4: Tetra Technologies SVP Timothy Moeller Reports Acquisition of Restricted Stock Units

Timothy Moeller, SVP of Supply Chain & Chemicals at Tetra Technologies, reports the acquisition of 81,595 restricted stock units (RSUs) on February 28, 2025, according to a Form 4 filing.

Summary

• On February 28, 2025, Timothy C Moeller, SVP Supply Chain & Chemicals at Tetra Technologies Inc, acquired 81,595 restricted stock units (RSUs).
• These RSUs were granted under the TETRA Technologies, Inc. Second Amended and Restated 2018 Equity Incentive Plan.
• The closing price of Tetra Technologies' common stock on the grant date was $3.79.
• One-third of the award will vest on February 28, 2026, and one-sixth will vest on each August 25th and February 25th thereafter, until fully vested on February 25, 2028, contingent upon continued service.
• Vested shares will be delivered to the reporting person on the settlement date unless the Issuer elects to settle the RSUs in cash, or a combination of shares and cash, in the Issuer's sole discretion.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of an equity grant, which is generally neutral. The grant itself can be seen as a positive sign of aligning management interests with shareholders, but it doesn't provide significant insight into the company's overall performance or outlook.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages continued service with the company.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's overall financial performance or future prospects, but the vesting schedule of the RSUs implies an expectation of continued service and contribution from the executive.

Industry Context

The granting of RSUs is a common practice in the industry to incentivize and retain key executives. The specific terms of the grant, such as the vesting schedule and settlement options, are tailored to the company's specific circumstances and objectives.

Comparison to Industry Standards

• RSU grants are a standard component of executive compensation packages across various industries, including technology and energy.
• Companies like Halliburton, Schlumberger, and Baker Hughes also utilize equity-based compensation to align executive interests with shareholder value.
• The vesting schedules and terms of these grants often vary based on company performance, individual contributions, and industry benchmarks.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the executive to contribute to the company's long-term success.
• Employees may see the grant as a sign of the company's commitment to rewarding its executives.

Key Dates