Form 4: Tetra Technologies VP Jacek Mucha Reports Stock Transactions
SEC Form 4
Jacek Mucha, VP Finance and Treasurer of Tetra Technologies, reports the vesting of restricted stock units and subsequent tax withholding, resulting in adjustments to his holdings of common stock.
Summary
- On August 25, 2024, Jacek M. Mucha, VP Finance and Treasurer of Tetra Technologies, reported transactions involving restricted stock units (RSUs) converting into common stock.
- A total of 6,417 shares vested from RSUs granted on February 21, 2022, and 4,782 shares vested from RSUs granted on February 22, 2023.
- To cover tax obligations, 2,397 and 1,787 shares were surrendered to the issuer at a price of $3.23 per share.
- Following these transactions, Mucha directly owns 159,427 shares of common stock and 14,349 restricted stock units.
- The remaining unvested portions of the RSU awards will vest every six months until February 25, 2025, and February 25, 2026, respectively.
Sentiment
Score: 5
Explanation: This is a routine insider transaction report, indicating standard compensation practices. It doesn't inherently suggest positive or negative sentiment regarding the company's performance.
Future Outlook
The remaining unvested portions of the restricted stock unit awards will vest every six months until February 25, 2025, and February 25, 2026.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Stakeholder Impact
- Shareholders may be interested in executive compensation and ownership levels.
- The transactions have a minor impact on the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| February 21, 2022 | Date of grant for restricted stock units, part of which vested on August 25, 2024 |
| February 22, 2023 | Date of grant for restricted stock units, part of which vested on August 25, 2024 |
| February 25, 2025 | Date when the remaining unvested portion of the restricted stock unit award granted on February 21, 2022 will be fully vested |
| February 25, 2026 | Date when the remaining unvested portion of the restricted stock unit award granted on February 22, 2023 will be fully vested |
| August 25, 2024 | Date of transaction: vesting of restricted stock units and surrender of shares for tax obligations |
| August 27, 2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.