Form 4: Tetra Technologies SVP Timothy Moeller Reports Stock Transactions

Timothy Moeller, SVP of Supply Chain & Chemicals at Tetra Technologies, reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of company stock.

Summary

• On October 4, 2024, Timothy Moeller, SVP of Supply Chain & Chemicals at Tetra Technologies, had 25,000 restricted stock units vest, which converted into common stock.
• Moeller surrendered 7,138 shares to cover tax withholding obligations at a price of $3.37 per share.
• Following these transactions, Moeller directly owns 331,928 shares of Tetra Technologies common stock and 50,000 restricted stock units.
• The remaining unvested restricted stock units will vest in two equal installments on October 4, 2025, and October 4, 2026.

Sentiment

Score: 5

Explanation: This is a routine transaction disclosure, and the sentiment is neutral.

Future Outlook

One-half of the remaining unvested portion of the restricted stock unit award will vest on each of October 4, 2025 and October 4, 2026, at which time the award will become fully vested.

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 transaction has a minor dilutive effect on existing shareholders due to the vesting of new shares.
• The tax withholding obligation benefits the government.

Key Dates