Form 4: Tetra Technologies SVP Timothy Moeller Reports Stock Transactions
SEC Form 4
Timothy Moeller, SVP of Supply Chain & Chemicals at Tetra Technologies, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On February 19, 2025, Timothy Moeller, SVP of Supply Chain & Chemicals at Tetra Technologies, had 27,223 restricted stock units vest, which converted into common stock.
- Moeller then surrendered 7,881 shares to cover tax withholding obligations at a price of $4.44 per share.
- Following these transactions, Moeller directly owns 350,969 shares of Tetra Technologies common stock and 54,447 restricted stock units.
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 this restricted stock unit award will vest every six months until fully vested on February 25, 2027.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a common occurrence for publicly traded companies. It provides transparency into the trading activities of company executives.
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.
Key Dates
| Date | Description |
|---|---|
| 02/19/2024 | Date of grant for the restricted stock units that vested on February 19, 2025 |
| 02/19/2025 | Date of transaction: vesting of restricted stock units and surrender of shares for tax withholding. |
| 02/21/2025 | Date of signature for the Form 4 filing. |
| 02/25/2027 | Date when the remaining unvested portion of the restricted stock unit award will be fully vested. |
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